24H | Oracle Surges over 8% on Strong AI Cloud Sales, Fiscal-Year Outlook; AeroVironment Sinks 9%; Optical Communication Stocks Jump with Lumentum up 3%

Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well ​into 2027, sending its shares up 8.7% in overnight trading.

The results help to ‌allay investor concerns that Oracle's costly multi-billion dollar push into AI computing would not generate profits quickly enough.

Remaining performance obligations (RPO), a key indicator of future contracted revenue, grew 325% from last year to $553 billion, ahead of the $540.37 ​billion estimate from four Visible Alpha analysts.

AeroVironment stock slid 9.28% to $201 in overnight trading. AeroVironment cut its fiscal-year guidance after government funding delays postponed orders in its latest quarter, hurting results.

"Given industry-wide delays in government funding along with the shutdown, several orders we anticipated to receive in the third quarter have shifted to the right by a quarter or two," Chief Executive Wahid Nawabi said during a Tuesday call with analysts.

Optical communication stocks jumped in overnight trading. Lumentum up 3%; Applied Optoelectronics, Coherent, Corning up around 2%.