Oracle Revenue Surges 30% to $19.35B on AI Demand

Key Takeaways

• Oracle cloud infrastructure sales jumped 121% to $7.4 billion in the fiscal first quarter.
• The company booked over $30 billion in new AI contracts, raising its total backlog to $664 billion.
• Oracle added 850 megawatts of data center capacity and delivered over 300,000 graphics processing units.
• Adjusted earnings per share reached $1.92, surpassing analyst expectations of $1.75.
• Clay raised $115 million in a Series D round, valuing the company at $7.1 billion.
• Clay now serves more than 17,000 customers, including OpenAI and Anthropic.
• Oklo signed a landmark deal with Meta to build a 1.2-gigawatt power campus in Ohio.
• Southern Company has a major power contract with OpenAI near Savannah, Georgia.
• Xcel Energy secured a significant agreement with Google for data center services in Minnesota.
• Micron Technology faces potential delays due to rising copper demand for AI data centers.

Oracle Cloud Sales Double as AI Demand Grows

Oracle reported a 121% increase in cloud infrastructure sales, reaching $7.4 billion for the quarter. This growth comes from strong demand for artificial intelligence computing power. The company added 850 megawatts of data center capacity and signed over $30 billion in new AI contracts. Oracle shares rose about 5% after the announcement.

Oracle Q1 Revenue Jumps 30% Driven by AI

Oracle posted fiscal first-quarter revenue of $19.35 billion, which is a 30% increase from the previous year. Cloud infrastructure sales more than doubled to $7.4 billion due to high AI demand. The company spent $28.5 billion on capital expenditures to build new data centers. Adjusted earnings per share reached $1.92, beating analyst expectations.

Oracle Beats Estimates with Strong AI Cloud Sales

Oracle's cloud infrastructure sales jumped 121% to $7.4 billion, surpassing analyst predictions. The company added 850 megawatts of data center capacity and booked over $30 billion in new AI contracts. Fiscal first-quarter sales grew 30% to $19.3 billion with earnings per share of $1.92. Oracle plans to sell $20 billion in equity to help fund its expansion.

Oracle Stock Rises After AI Backlog Beats Expectations

Oracle booked more than $30 billion in new AI cloud contracts, raising its total backlog to $664 billion. This figure is higher than the $639.89 billion analysts had predicted. The company delivered 850 megawatts of data center capacity in the quarter. Shares rose after results showed the business is growing faster than expected.

Oracle Stock Jumps on AI Cloud Revenue Growth

Oracle shares gained 6% after the company reported a 30% increase in fiscal first-quarter revenue. Cloud revenue rose 62% to $11.6 billion, driven by a 121% jump in infrastructure sales. The company delivered 850 megawatts of data center capacity and over 300,000 graphics processing units. Net income increased 60% to $4.7 billion compared to the prior year.

Oracle stock rises as AI cloud demand beats supply

Oracle stock increased after the company reported strong revenue and earnings for its first quarter of fiscal year 2027. The database software firm posted adjusted earnings per share of $1.92, which is a 30% rise from the expected $1.75. Oracle stated that customer demand for its AI Cloud Training and Inferencing Services is growing faster than its ability to supply them. The company booked more than $30 billion in additional AI cloud contracts, bringing its total backlog to $664 billion. Despite this positive news, Oracle shares remain down more than 20% for the year due to concerns about the company's large debt load used to build AI infrastructure.

Clay secures $115 million to build AI sales teams

Clay, a New York-based startup, raised $115 million in a Series D funding round that values the company at $7.1 billion. Wellington Management led the investment, while other investors included Sequoia, Andreessen Horowitz, and CapitalG. The company plans to use this money to build AI agents that can automatically find customers and run personalized marketing campaigns for businesses. Clay now serves more than 17,000 customers, including major tech firms like OpenAI and Anthropic. The startup also announced a $1 million scholarship fund to train future go-to-market engineers who specialize in building revenue systems.

Clay valuation doubles after major funding round

Clay closed a $115 million funding round in September 2026 that more than doubled its valuation to $7.1 billion from $3.1 billion in August 2025. The New York company uses its platform to combine internal data with external market signals to help businesses identify potential customers. Clay reports serving over 17,000 clients, including 80% of the Forbes AI 50 list, and saw its revenue grow four times in 2025. CEO Kareem Amin described the company as building a self-learning revenue engine that helps businesses grow to their full potential. Alongside the funding, Clay launched a scholarship program to train professionals in building systematic growth strategies.

Oklo stock faces ups and downs as nuclear power grows

Oklo, a developer of small nuclear reactors for AI data centers, continues to see volatile stock prices despite a strong bull case. The company recently signed a landmark deal with Meta Platforms to build a 1.2-gigawatt power campus in Ohio, where Meta will prepay for the electricity. This upfront payment helps Oklo fund construction without relying heavily on debt financing. However, analysts warn that investors must be patient because the first operating Aurora reactor is not expected until 2028. Oklo stock has fallen about 39% this year, but its backlog of projects has reached 14 gigawatts.

Oklo reactors offer safe power for AI data centers

Oklo designs small nuclear reactors that provide safe, efficient, and scalable power for AI data centers and other high-power applications. These reactors are built to be modular, making them easy to install and maintain in spaces where size is limited. The technology includes multiple safety features and fail-safes to ensure reliability for critical operations. Oklo uses advanced materials to minimize energy loss and maximize power output, making it a cost-effective solution. Major industry players are already adopting this technology, suggesting more widespread use in the future.

Experts define what truly counts as artificial intelligence

Artificial intelligence is used in many ways, from writing emails to creating fake videos. This technology is driving a huge demand for new data centers across the country. However, AI has been helping people in less obvious ways for years. The article explores exactly what should be considered artificial intelligence today.

Micron Technology faces copper shortage risks from AI growth

Micron Technology is dealing with rising copper demand as AI data centers expand rapidly. These new facilities need more copper for their power and cooling systems. If copper prices stay high or supplies get tight, it could delay construction and change Micron's order schedules. The company plans to watch its earnings and customer agreements closely to see how this affects its growth.

Student reading scores drop as AI use becomes common

Nearly half of students in OECD member countries now use AI chatbots weekly to help with their learning. The Organization for Economic Co-operation and Development warns that this technology might become a distraction in classrooms. Officials are concerned that students could rely too much on AI instead of learning on their own.

Agriculture sector launches free AI and drone training courses

The Ministry of Agriculture, Fisheries and Food is starting free training courses this autumn for the agri-food sector. These programs teach professionals about artificial intelligence, drones, robotics, and digital tools for farming. The training includes online lessons and in-person demonstrations on topics like precision agriculture and using drones for spraying products. Farmers can register through the Center for Competences for Digital Agri-food Training platform.

Five utility stocks profit from growing AI data center power needs

Data centers are doubling their power needs, creating big opportunities for regulated utility companies. Five specific stocks are positioned to earn steady income from this shift. Southern Company has a major contract with OpenAI for power near Savannah, Georgia. Duke Energy has signed agreements for over 7.8 gigawatts of data center service. WEC Energy Group sees strong growth in Wisconsin, while Xcel Energy has a big deal with Google in Minnesota. Consolidated Edison serves New York City where electric demand is rising fast.

Facebook billionaire backs AI regulation push

Policy analyst Parker Thayer claims that Dustin Moskovitz and the effective altruism movement are pushing for strict AI rules. They are using coordinated advocacy and media efforts to support this cause. Moskovitz is a billionaire who previously founded Facebook. The movement argues that strong regulations are necessary for artificial intelligence development.

Marvell Technology sees huge AI growth potential

Marvell Technology expects its interconnect business to grow more than 70 percent in fiscal 2027 due to rising AI demand. The company anticipates its TIAs and drivers will reach a one billion dollar annual revenue rate soon. Marvell also projects its DCI module revenues will hit one billion dollars by fiscal 2028. The firm has expanded its partnership with NVIDIA to include optics and AI-RAN technologies. However, global supply chain issues and U.S. export restrictions could impact operations since most products ship to China and Taiwan.

Sources

• Oracle Cloud Sales More Than Double, Topping Estimates On AI
• Oracle Q1 earnings: AI demand lifts revenue 30% to $19.35 billion, sales and marketing spend falls 12%
• Oracle posts cloud sales that top estimates on AI demand
• Oracle shares rise as AI cloud backlog beats estimates
• Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand
• Oracle stock pops as AI cloud demand outpaces supply
• Clay Raises $115 Million To Build AI Sales Teams for B2B Sales Growth
• Clay Raises $115 Million at $7.1 Billion Valuation to Power AI-Driven Sales
• Is Oklo the Next Great AI Power Story? Here's the Bull Case.
• Is Oklo the Next Great AI Power Story? Here's the Bull Case.
• Artificial intelligence is everywhere. But what exactly counts as AI?
• Micron Technology (MU) Faces A New Copper Squeeze As AI Data Centers Expand
• Reading scores slide amid worries that artificial intelligence shortcuts learning
• Agriculture promotes free courses in AI and drones
• AI Data Centers Need Enormous Amounts of Power: These 5 Dividend Stocks Provide It
• Facebook billionaire's 'effective altruism' movement accused of driving AI regulation push
• MRVL Rides on the AI Capex Wave: What's Ahead for Investors?