Oracle stock slumped even as executives reassured investors about the profitability of a business renting servers to AI companies and discussed the broader financial outlook over the next five years.
Oracle (NYSE:ORCL) confirmed it expects its artificial intelligence infrastructure projects to generate gross margins ranging from 30% to 40% during its Financial Analyst Day on Thursday. The figure ...
Oracle shares have climbed nearly 400% over the past few years. The company’s revenue is taking off thanks to demand from AI customers for cloud infrastructure. A stock split makes a stock more ...
Oracle’s $40 billion market cap loss exposed razor-thin AI cloud profit margins, raising doubts about the sustainability of its growth model. Analysts warn that circular financing among AI firms and ...
Oracle (ORCL) stock rose more than 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also ...
This story was produced by Dax Janel Valencia and distributed by Next Net. If you co-own a home with someone else, and you're facing a partition action, it means that the court will order the division ...
A surge in Oracle's stock price briefly cemented co-founder and Chief Technology Officer Larry Ellison as the richest person in the world. While the title was short-lived, Munster, a managing partner ...
Oracle expects its cloud infrastructure revenue to explode over the next five years, thanks to mega-deals for artificial intelligence (AI) computing capacity. Capital spending will have to explode as ...
An AI-fueled stock surge has boosted Oracle ORCL -3.14% co-founder Larry Ellison’s fortune by $200 billion this year, including a $100 billion bump on Wednesday. That brings him in range of Elon Musk, ...