The Information

Oracle’s Costly AI Expansion Turns Off Wall Street

The costs of Oracle’s AI data center expansion is becoming clear—and Wall Street isn’t happy. The software and cloud firm, ...

Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%

Oracle forecast sales and profit that missed analyst estimates on Wednesday, while saying that spending would rise by $15 ...

Oracle Credit Risk Gauge Deteriorates After Earnings Report

A measure of Oracle Corp.’s credit risk climbed on Wednesday after the database company posted a jump in spending on data ...
The Information

Oracle Burned $10 Billion as AI Investments Rise, Shares Fall 10%

Oracle shares fell more than 6% in after-hours trading on Wednesday after the database and cloud firm said it burned roughly $10 billion in the November quarter as it ramps up spending on data centers ...
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Oracle Q2 Earnings Preview: 5 Things To Know

Oracle leadership will likely field plenty of questions on not just AI, data center revenue, but also on the quality of that ...

Oracle Posts Weak Cloud Sales, Raising Fear of Delayed Payoff

Oracle Corp. shares fell more than 10% in extended trading after the company reported a jump in spending on AI data centers ...

Oracle misses on quarterly revenue as questions about AI infrastructure spending and debt drive stock slide

Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted revenue results that ...

Michigan regulators blow past DTE Energy’s data center deadline

The Michigan Public Service Commission declined to take up DTE Energy’s power contracts for the Oracle and Open AI data center in Saline Township Friday, despite the utility’s statement that the ...
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DTE still expects approval for OpenAI, Oracle data center power despite delay

Michigan Attorney Dana Nessel calls DTE's push for fast-tracked approval by Dec. 5 a "manufactured timeline" and "pressure ...