$Oracle(ORCL)$ Earnings tonight. Everyone is worried about Oracle spending too much, but the stock could really move after hours.
Massive backlog: They have a record $553 billion in future sales lined up. That's a huge 325% jump from last year.
Cloud boom: Their cloud business is growing incredibly fast, with expectations of 45% to 50% growth.
The payoff: If management sticks to that $90 billion future sales goal, the heavy spending on AI data centers would totally pay off.
Options are already pricing in a massive 12% move for the stock this week.
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