Oracle shares rise over 5% pre-market as first fiscal quarter cloud infrastructure revenue surges 121%

Oracle rose more than 5% in US premarket trading after first fiscal quarter cloud infrastructure revenue grew 121%, exceeding expectations, and the company raised its full-year performance guidance; Adobe fell over 2% as third fiscal quarter revenue and profits exceeded expectations, but Q4 guidance was slightly below estimates; GameStop rose nearly 4% after a company director increased holdings by 1 million shares of common stock.