Bullish / Event-driven momentumOracle CorporationBATS:ORCLgorgevorgianOracle reported adjusted EPS of $1.92 and record quarterly revenue of $19.35bn, +30% YoY. More importantly, cloud infrastructure revenue more than doubled, while remaining performance obligations/backlog reached roughly $664bn. Management also guided current-quarter revenue growth to 30–34% and expects at least $90bn of full-year revenue. For me, the key point isn't simply the earnings beat. The results provide evidence that Oracle's enormous AI infrastructure spending is actually translating into revenue and contracted demand. That addresses one of the market's biggest concerns around the AI capex cycle. Reuters specifically notes that the results reassured investors that Oracle's AI investments are generating returns. The setup isn't risk-free. August CPI came in at +0.4% MoM / +3.4% YoY, pushing the probability of a Fed hike next week to roughly 85%, while the U.S. 10-year Treasury yield briefly approached 5%. High-duration technology stocks therefore remain vulnerable to further yield expansion.