Oracle's AI Backlog Surges, But Market Fades the Jump

Oracle reported Q1 revenue of $19.3B, up 30%, as AI demand lifts remaining performance obligations to a $664B backlog—roughly 34x quarterly revenue—while infrastructure revenue jumped 121% to $7.4B after adding 850 MW of capacity and 300k GPUs. The stock briefly rallied about 7% but trimmed gains, trading around $153.74 after peaking at $165.80; Oracle plans to raise about $40B to fund AI expansion, and GF Value shows fair value near $195 per share amid roughly $5.4B of negative free cash flow.