Oracle Corporation ($ORCL) is set to release its earnings report today, December 9, 2024, after market close at 4:05 PM ET. The company is on track for its best year since 1999, with shares up 83% year-to-date, driven by strong cloud growth fueled by artificial intelligence (AI) demand. Analysts note that Oracle is trading at nearly 30 times forward earnings, a valuation not seen in decades. The market anticipates significant upside to forward estimates, with a 7.5% move priced into options markets. Oracle’s earnings report is expected to provide insights into its AI infrastructure pivot and cloud growth strategy. The company will provide guidance during its conference call following the earnings release.