By Reuben Gregg Brewer
Publication Date: 2026-04-05 09:15:00
Wall Street is clearly warning against the technology giant oracle (ORCL +0.79%). The stock has lost more than half of its value in just six months. And yet the company’s earnings in the third fiscal quarter of 2026 highlighted a massive shortfall of $553 billion. For this reason, more aggressive investors should be positive about Oracle’s future.
Oracle has a lot of work to do
Oracle helps build the infrastructure required for support Artificial Intelligence (AI). Much of the $553 billion backlog (which the company calls remaining performance obligations) involves the construction of data centers that house AI computers. These are not optional assets; AI has to live somewhere.
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Oracle has positioned itself as a key pick-and-shovel provider for companies looking to leverage AI. In fact, the company’s backlog is up 325% year-over-year, showing the huge demand for AI infrastructure. The demand for AI infrastructure is so great that…
