Oracle Corp. (ORCL) shares fell 3.3% in premarket trading on Wednesday ahead of the company's quarterly earnings report.
The cloud company's backlog has become a key gauge of AI demand.
REDWOOD SHORES, CALIFORNIA - JUNE 13: A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California. Oracle reported fourth-quarter earnings with revenue of $11.8 ...