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Oracle Corp (NYSE:ORCL) shares are gaining ground on Tuesday morning. The move follows a dip during Monday’s session driven by geopolitical jitters.
Analyst Highlights AI Backlog
DA Davidson analyst Gil Luria remains focused on the software giant’s massive scale. Luria noted Oracle is well-positioned to capture AI demand.
The company currently maintains a backlog of approximately $550 billion. Luria told CNBC that Oracle’s core software business effectively funds its expensive data center build-out.
Capital Spending Strategy
Investors are tracking Oracle’s aggressive pivot toward AI infrastructure. The company has cut 20,000 to 30,000 jobs to …
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