Oracle Earnings: Can AI Cloud Narrative Hold After Brutal Selloff?
Oracle reports after Wednesday's close amid a sharp AI hardware selloff and growing market skepticism over stretched semiconductor expectations, making this a critical litmus test for AI capex spending. Key metrics include OCI cloud revenue growth and remaining performance obligations (RPO) backlog momentum, along with management's latest commentary on AI compute demand and capex returns. With upstream chip estimates already slashed, can downstream cloud AI orders still hold up — and will Oracle steady the narrative or deliver the final blow?