EU to Propose New Rules Limiting Children's Access to Social Media 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
Meta Says States Seek $1.4 Trillion in Penalties Over Teen Social Media Addiction Lawsuit 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion 
Oracle shares jumped 8.3% in after-hours trading after the enterprise technology giant delivered stronger-than-expected quarterly results and raised its fiscal 2027 revenue forecast, signaling that its aggressive bet on AI infrastructure is beginning to pay off.
The company reported third-quarter revenue of $17.19 billion, surpassing Wall Street's estimate of $16.91 billion. More notably, Oracle lifted its fiscal 2027 revenue guidance to $90 billion, well above the $86.6 billion analysts had projected, fueling renewed confidence in its long-term growth trajectory.
A standout figure from the report was Remaining Performance Obligations, a forward-looking measure of contracted revenue, which skyrocketed 325% year-over-year to $130 billion, exceeding analyst expectations. The surge reflects a wave of large-scale AI contracts, with Oracle noting it does not anticipate needing to raise additional capital to fulfill these commitments.
Oracle has been rapidly repositioning itself as a major player in AI cloud infrastructure, building out data centers to serve high-profile partners including OpenAI and Meta. The strategy places it in direct competition with cloud heavyweights like Amazon Web Services and Microsoft Azure. On its investor call, co-CEO Clay Magouyrk expressed confidence that margins within Oracle Cloud Infrastructure would strengthen over time, projecting 30% to 40% margins on AI chip rentals, with database services contributing even higher margins of 60% to 80%.
Executive Chairman Larry Ellison pushed back against concerns that AI-driven coding tools could erode demand for traditional business software. He argued the opposite is true for Oracle, explaining that smaller engineering teams equipped with AI tools are now capable of building entire software ecosystems faster and more efficiently than ever before.
For the current quarter, Oracle forecasts revenue growth of 19% to 21% and cloud revenue growth of 46% to 50%, both largely in line with market expectations.
