Nvidia stock was rising as Oracle's cloud computing backlog could translate into huge spending on artificial-intelligence chips.
John Boozman, an American politician serving as the senior U.S. senator from Arkansas, invested in several stocks on April 16, 2025.
OpenAI appears to have developed an appetite not just for data, but for power: to the tune of $300 billion. That is the reported value of a five-year contract signed with Oracle, making it one of the largest cloud computing deals ever struck, according to the Wall Street Journal.
Larry Ellison has long collected islands, yachts and even a tennis tournament. Now, he has come within a whisker of collecting the title of the world's richest man.
Oracle Corporation's stock surged 36% after management revealed massive new contracts and a backlog jump, despite missing revenue and EPS estimates. Cloud operations, especially Oracle Cloud Infrastructure, are driving growth, with management forecasting significant revenue expansion through 2030. Backlog exploded to $455 billion, fueled by major deals with OpenAI, xAI, Meta, Nvidia, and AMD, signaling robust future demand.
Oracle's (ORCL) blistering stock gain amid strong AI demand has Wall Street analysts racing to raise their price targets—with most expecting its record run isn't over yet.
Ben Reitzes, Melius Research head of tech research, joins 'Fast Money' with reaction to Oracle's record run.
Oracle's (ORCL) earnings "weren't good at all," says Nigam Arora, "but the projections were eye-popping." He talks about the attainability of the company's projected 800% cloud infrastructure revenue goal between fiscal 2027 and fiscal 2030.
The artificial intelligence trade got a shot of adrenaline on Wednesday after results from database software and cloud provider Oracle suggested the AI spending bonanza has ample room to run.
Tyler Radke, Citi co-head of U.S. software equity research, joins 'Power Lunch' to discuss Oracle's latest quarterly earnings results, the company's compound annual growth rates and much more.
CNBC's MacKenzie Sigalos reports on news regarding OpenAI and Oracle.
ORCL reports strong fiscal first quarter with 12% revenue growth, record AI cloud demand and multi-billion-dollar deals across its infrastructure stack.