Oracle jumps 11% premarket as AI demand challenges 'SaaS apocalypse' fears

Oracle's stock jumps 11% in premarket trading due to strong cloud and AI growth, alleviating concerns about the company's debt plans and software disruption, and challenging fears of a 'SaaS apocalypse'. The company's better-than-expected performance has eased investor worries, leading to a surge in stock price. This development suggests a positive outlook for Oracle's future prospects.