$FORM is making a big move, jumping over 55% from $0.2547 to $0.3921 before pulling back to around $0.31.

The 4Stock narrative, whale accumulation, and a major volume spike are driving attention.

Oracle reports earnings on Sept. 10, and I’m watching one number closely: $638B in backlog.

That’s up 363% YoY, showing just how strong demand for Oracle’s cloud and AI infrastructure has become.

But with spending and leverage rising, the key question is whether Oracle can turn that backlog into actual revenue quickly enough.

That’s where this earnings report gets interesting.