Shares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a jump in revenue backlog, a key metric on future revenue growth prospects.

If ever there were a stock that captured the hopes and fear of the AI trade, it's Oracle.

Sept 10 : Oracle topped Wall Street estimates for quarterly results on Thursday and reported a smaller cash burn than expected, offering investors confidence that its hefty AI…