Oracle maintains its capex forecast and reports cloud growth, sending shares up 7%

Oracle.Bloomberg/Getty ImagesOracle maintained its fiscal 2027 capital expenditure forecast at $90 billion to $95 billion.Oracle reported 121% cloud growth, boosting shares by 7% following its earnings report.Oracle is touting new financing models amid pressure to balance AI spending and profitability.Oracle is holding the line on its data center spending forecast.On Thursday, Oracle reported $28.5 billion in first-quarter capital expenditures, up from $8.5 billion a year earlier. It kept its fi