Key takeaways

  • CoreWeave's strong quarter took some of the AI debt worry off the table and gave Oracle stock a lift.
  • Oracle Corporation (ORCL) stock is up 9.3% as of 2:20 p.m. ET on Wednesday, Nov. 11, after an AI cloud rival's strong quarter eased some of the market's worries.
  • The S&P 500 (^GSPC +1.31%) and the Nasdaq Composite (^IXIC +1.60%) are up 1.4% and 1.9%, respectively.

CoreWeave's third-quarter report beat Wall Street's expectations, raised its guidance, and eased some of the market's worries about AI debt. Sales jumped 168% to $3.66 billion, and the company said it would rely less on unsecured borrowing and more on sources like customer prepayments.

See the latest quote, chart and news for ORCL.

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