Oracle on Tuesday said its backlog grew to nearly $500 billion last quarter, signaling strong AI demand. Timothy A. Clary / AFP / Getty Images Close Key Takeaways The artificial intelligence trade got a shot of adrenaline on Wednesday after results from database software and cloud provider Oracle suggested the AI spending bonanza has ample room to run. Oracle (ORCL) on Tuesday reported its backlog swelled to$455 billion, a 359% year-over-year increase, after it signed four multibillion-dollar cloud deals ...