Oracle Corporation's rally was fueled by multiple expansion, not just earnings, as investors bet on Oracle’s unique position.
Oracle (ORCL) shares cooled off in Thursday's session after going on a tear and jumping 36% yesterday in reaction to the AI cloud company's strong fiscal first quarter earnings. Epistrophy Capital ...
American technology company Oracle was founded over 50 years ago and it has remained relatively quiet since the artificial intelligence (AI) bubble inflated and took off in 2022. That was until a ...
Oracle Corp on Thursday said it won deals with McDonald's Corp , Albertsons Companies Inc and Humana Inc to move some of their work to Oracle's cloud computing services.
Google said on Thursday that dozens of companies have been affected by an ambitious hacking campaign that targeted Oracle's ...
Oracle has signed what may be the largest-ever cloud contract with OpenAI. How could that shake up the cloud and genAI landscape? A single $300 billion contract has seemingly transformed Oracle from a ...
What fueled the stock surge was Oracle's aggressive growth outlook tied to AI and cloud demand. "MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredible rate of 1,529% in ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. The catalyst wasn’t a flashy product rollout or a surprise earnings beat — in ...
Oracle has seen its revenue take off in recent times thanks to demand for AI capacity. The company already hosts TikTok’s U.S. data -- a new agreement could represent additional revenue opportunities.
The Austin, Texas-based tech corporation Oracle (ORCL) — a provider of cloud services and enterprise software to businesses — shocked the financial world on Sept. 10 when its stock exploded upward by ...
Investors worried about the financials of the technology giant’s cloud computing business, compounding broader worries about ...
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