Oracle’s $553 billion backlog is either a gold mine or a mirage. The results have just revealed the answer.

When it comes to artificial intelligence (AI) hyperscalers, oracle (NYSE:ORCL) is often overshadowed by its cloud service counterparts: Microsoft, alphabetAnd Amazon. While the members of the Magnificent Seven get most of Wall Street’s attention, Oracle has been quietly building an impressive AI empire of its own in recent years.

In the company’s third fiscal quarter (ended February 28), both Oracle’s revenue and profit rose at least 20%. This is the first time the company has achieved such growth 15 years.

Will AI create the world’s first trillionaire? Our team just published a report on the one little-known company dubbed the “indispensable Monopoly” that provides the critical technology that both Nvidia and Intel need. Carry on”

At the center of Oracle’s AI narrative is AI remaining performance obligations (RPO), which currently stands at $553 billion. The question smart investors are asking is whether Oracle really has a half-trillion-dollar tidal wave on its hands…