Oracle stock surges on Q1 earnings driven by AI demand

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Seana Smith,Adjusted Earnings,Amazon

Oracle (ORCL) stock is surging Tuesday morning since reporting a fiscal first quarter earnings beat yesterday, posting revenue of $13.31 billion (expected...

posting revenue of $13.31 billion and adjusted earnings of $1.39 per share .examine Oracle's profit tied to AI and data center demands pushing the cloud service operator higher. The company also announced a new partnership with Amazon's announces the addition of two enhanced high-voltage, Hall effect switch IC families to its automotive-compliant* product portfolio. The AH332xQ and AH352xQ offer a wide range of operating sensitivity options in SIP-3, SOT23 , and SC59 packages.

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