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A sharp drop for Oracle keeps Wall Street in check
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Oracle Corporation is massively profitable, which limits risks for investors who are concerned about CapEx growth. Learn more about ORCL stock here.
Oracle missed a slew of Wall Street estimates for sales, operating profit and future cloud-computing contract growth, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence market.
The biggest cloud-computing deal in history had the humblest of origins: an unsolicited direct message over LinkedIn. It was sent in spring 2024 from an executive at OpenAI to sales leaders at Oracle Corp.
Oracle Chairman Larry Ellison said Wednesday that the company sold its stake in chip designer Ampere Computing “because we no longer think it is strategic for us to continue design, manufacturing and using our own chips in our cloud data centers.
NEW YORK] Oracle posted disappointing cloud revenue, suggesting it will take longer than expected for the company’s recent huge artificial intelligence (AI) bookings to pay off. Read more at The Business Times.
Oracle Corporation (NYSE: ORCL), the cloud computing giant co-founded by billionaire entrepreneur Larry Ellison, reported disappointing quarterly results despite massive spending on artificial intelligence (AI).
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Evercore, BMO analysts slash Oracle stock (ORCL) price target on Q2 revenue miss, but stay bullish
Oracle ($ORCL) stock was down 11% on Thursday, at the time of writing, as the database software provider and cloud computing company missed