Zaid Admani

So I got to say, this was a clutch performance for Oracle.

The stock had lost more than half its value since its peak back in September due to cost concerns tied to its AI data center build out.

I think investors had become skeptical about Oracle's ability to afford all the AI building or if the AI demand would even materialize.

But I think the acceleration in cloud revenue growth should put some of those concerns to rest.

Top of that, Oracle is taking steps to manage costs.

The company spent $18.6 billion in capital expenditure this quarter, which was higher than expected.

But Oracle kept its full-year CapEx forecast steady at about $50 billion.

So that suggests that spending isn't spiraling out of control.

The company is also making a strategic shift to where some of their cloud customers will pay for their own chips up front, which should take the pressure off of Oracle's balance sheet.

So investors seem to be pretty happy with this earnings report.

The stock is up around 10% this morning at the time of this recording and on track for its best day since the company announced the $300 billion deal with OpenAI back in September.

Let's talk about some stocks making moves today.

Shares of Nebius are jumping this morning after Nvidia announced a $2 billion investment in the company.

Nebius is a Neo cloud company that's emerged recently.

They build a massive AI data centers, load them up with Nvidia chips and rent that AI capacity to other tech companies.

Now, as part of this investment from NVIDIA, the two companies will collaborate on AI infrastructure deployment, GPU fleet management and AI factory design.

And of course, having NVIDIA as a partner and investor probably means that Nebius will get priority access to NVIDIA's hardware, software and engineering support.

As a result, shares of Nebius are up around 15 percent this morning in reaction to this news.

I gotta say, Nvidia just keeps writing checks to AI companies.

They've become like the defacto venture capitalist arm to the entire AI industry.