Oracle stock surges on Q1 earnings driven by AI demand

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Oracle (ORCL) stock is surging Tuesday morning since reporting a fiscal first quarter earnings beat yesterday, posting revenue of $13.31 billion (expected $13.26 billion) and adjusted earnings of $1.39 per share ($1.33 per share was expected).

Morning Brief hosts Brad Smith and Seana Smith 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 (AMZN) AWS called Oracle Database@AWS.

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This post was written by Luke Carberry Mogan.