Oracle’s accelerating AI cloud business is broadening the investment case beyond Nvidia and other chipmakers. In Q1 FY2027, the company surpassed revenue and earnings-per-share expectations as revenue rose 30% year over year to $19.3 billion, cloud revenue increased 62% to $11.6 billion, and Oracle Cloud Infrastructure revenue surged 121%. Oracle booked more than $30 billion in new AI infrastructure contracts, lifting remaining performance obligations to a record $664 billion, while renewing or reselling all expiring GPU capacity at prices roughly 20% above prior contracts. GPU utilization reached 97.9%, Oracle delivered more than 300,000 GPUs and added 850 megawatts of AI capacity. The Global X Artificial Intelligence & Technology ETF holds about 3.5% in Oracle and the Harbor Meta AI Lab Ecosystem ETF roughly 4.6%. Oracle raised its FY2027 revenue guidance to at least $90 billion and its non-GAAP earnings-per-share outlook to $8.10. The expansion remains capital-intensive, with a 770-basis-point year-over-year gross-margin decline, about $28.5 billion in quarterly capital expenditure, planned fiscal 2027 capex of $90 billion to $95 billion and roughly $5 billion in negative free cash flow.