Oracle Q1 Growth, $455B RPO Signals AI Strength

Global markets rebounded on dovish Fed signals, pushing investors back into high-growth tech and infrastructure names. Oracle reported accelerating fiscal Q1 results, with revenue up 12% to $14.9 billion and adjusted EPS of $1.47, and it cited a record $455 billion in remaining performance obligations (RPO) driven by multi‑billion-dollar AI deals. Management portrayed those metrics as evidence of sustained AI-driven expansion, but analysts caution that valuations in consumer tech remain stretched and entry points are scarce. Traders are also watching infrastructure companies such as Arista, Cloudflare and Rubrik ahead of earnings, while selective mean‑reversion setups like Adobe are attracting defined‑risk option trades.