Its builders believe that it is one of the largest public-sector IT systems in the world. Given that most national ...
For a few brief weeks in September and October, Oracle was on top of the artificial-intelligence revolution. The storied business-software and database company had a burgeoning $300 billion ...
Oracle might have an OpenAI problem. Oracle (ORCL) stock has tumbled over 40% from its September peak, erasing more than $360 billion from its market capitalization. Nearly $67 billion of that decline ...
Oracle's debt is rising as cash flies out the door to fund AI data centers. The company already has a debt-heavy balance sheet, and it will need to borrow more to fund its AI infrastructure contracts.
Dec 11 (Reuters) - Oracle shares sank 13% on Thursday, sparking a tech selloff as the company’s massive spending and weak forecasts fanned doubts over how quickly the big bets on AI will pay off. The ...
Oracle’s $2.26 EPS beat relied on a $2.7B one-time gain. Core earnings missed at $1.33 versus $1.64 expected. CapEx guidance jumped $15B to $50B for fiscal 2026. Free cash flow burned $10B for the ...
Simply sign up to the US equities myFT Digest -- delivered directly to your inbox. Wall Street’s S&P 500 set a record closing high on Thursday as gains in consumer-focused and financial companies ...
The cloud computing giant missed revenue expectations, as well as announcing an increase in its planned spending on AI data centres. Global markets failed to retain the momentum sparked by an interest ...
Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth and big rise in spending Business live – latest updates Oracle’s shares tumbled 15% on Thursday in ...
Management expressed that even if a large customer’s capacity needs were reduced, existing demand would absorb that capacity. InvestingPro identifies Oracle as a "prominent player in the Software ...
HONG KONG, Dec 11 : Stocks slid on Thursday after disappointing earnings at U.S. cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses ...
As Oracle pours billions into AI data centers, enterprises may face rising costs — but Oracle too is in a tight spot, which gives CIOs leverage in negotiations. Oracle’s aggressive AI-driven data ...
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