Oracle Stock Is Still Down Year to Date, As Many AI Stocks Soar. Here's What's Going On.

Oracle Stock Is Still Down Year to Date, As Many AI Stocks Soar. Here's What's Going On.

Key PointsThe contracted backlog hit $553 billion in the most recent quarter, up 325% from a year earlier.A roughly $300 billion deal with OpenAI accounts for much of that backlog -- and likely much of the recent pain for investors.The cloud and artificial intelligence build-out is being financed with tens of billions of dollars in fresh debt.10 stocks we like better than Oracle › The market's enthusiasm for artificial intelligence (AI) has lift…