Oracle Reports Results… And Stocks Swing Amid Iran War Developments 3/10/26

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 10 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Oracle on the move after reporting results. The latest numbers from the quarter, and what the company is saying about its data center construction. Plus, a wild day for stocks as investors digested the latest developments in the Middle East. The impact on energy prices, and how a top investment strategist is navigating the volatility. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is FAPF.
0:07.0	Excuse me, this is FAPS money.
0:09.0	Here's what's on top tonight.
0:10.0	Oracle on the move, shares of the tech giant higher after its latest earnings report.
0:14.0	We'll dig into the numbers and bring you all the details from the call.
0:17.0	And an oil shock, the volatility and crude front and center with prices jumping off session loads on concerns over Iran's defense on the straight of Hormuz, what it means for the broader markets and stocks in the space. Plus, the memory stocks back in rally mode, the China trade data that send shares of those stocks soaring. And is Bitcoin back? We make sense of the crypto's bounce above 70K, what it means for the investing space.
0:38.9	I'm Melissa Leak. I'm Melissa Leak. I'm here on the NASDAQ. Tim Seymour, Karen Feinerman,
0:43.2	Dan Nathan, and Guy Adami. We start off with that all-important Oracle earnings support chairs
0:48.3	popping after the earnings beat top and bottom-line estimates and giving strong guidance,
0:53.6	also indicating it will not do any more debt raises this year.
0:57.0	That conference call kicked off moments ago.
0:59.3	Sima Modi joins us now with the details.
1:01.1	Well, Melissa, Oracle is saying that demand for cloud computing for AI training and inferencing continues to grow faster than supply.
1:07.7	The company also adding that some of the largest consumers of AI cloud capacity
1:11.9	have recently strengthened their financial positions quite substantially. That is most likely
1:17.4	being seen by the market as a nod to open AI and its $110 billion fundraising round. All this is
1:23.0	giving Oracle the confidence to raise its 2027 revenue targets. That was not what Wall Street was expecting
1:29.1	going into today's report. Now on financing, Oracle also said it does not see it taking out more
1:34.6	debt this year following the $30 billion in debt it raised last month. And in regards to that
1:40.1	equity portion, it hasn't commenced that sale, so the cadence of equity dilution will likely
1:45.2	be a topic that will come up on the call. CapEx for 2026, Melissa, does remain unchanged at $50 billion.
1:52.5	However, one key question will be around its backlog with growth tied to remaining performance
	...

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