Oracle is set to report a 30% increase in cloud business revenue fueled by AI. The company has secured a large amount of Nvidia GPUs for its cloud business, with analysts expecting Cloud Services sales to reach $7.3 billion in Q1. For the quarter ended in August, adjusted earnings per share are expected to be $1.48. Shares have soared over 60% in the past year.

Investors are eager to hear details about the $30 billion deal with OpenAI and the Stargate AI project. The stock hit a new record after Oracle announced the deal, with analysts emphasizing the importance of additional commentary from management. Questions remain about Oracle’s ability to profitably ride the AI wave, especially regarding margin targets for the future.

Read more at Yahoo Finance: Oracle set to report earnings with Wall Street expecting 30% AI-fueled growth in cloud business