President Trump is reportedly planning to announce major AI infrastructure investments, signaling a willingness to work alongside large technology companies.
Shares of Oracle (ORCL 6.31%) are on the move today. The firm's stock is up 5.7% as of 1 p.m.
Oracle will be involved in a joint venture for artificial intelligence infrastructure in the U.S. that President Trump will announce, CNBC has confirmed. One of Oracle's major customer wins last year was OpenAI, which needs graphics processing units to train and run artificial intelligence models.
Oracle on Tuesday released a new set of artificial intelligence agents to help salespeople with a range of tasks around dealing with customers.
President-elect Donald Trump has pledged to stop TikTok going dark—but tech companies who help him risk incurring $850 billion in fines.
Leaders at Oracle, the main cloud computing provider for TikTok's U.S. operations, have told some staff to prepare to shut down servers that host U.S. TikTok data as soon as 9 p.m. ET on Saturday (0200 GMT on Sunday) in advance of a U.S. law banning the app from Sunday, The Information reported.
In the most recent trading session, Oracle (ORCL) closed at $158.31, indicating a +1.28% shift from the previous trading day.
Oracle's rapid shift to cloud services and AI infrastructure, including record-breaking AI supercomputers, positions it as a key player in the cloud market. Strategic multi-cloud partnerships with rivals like Microsoft, Google, and Amazon enhance Oracle's flexibility, scalability, and appeal to enterprises seeking cost-effective solutions. Oracle's SaaS products, particularly Fusion Cloud ERP and NetSuite Cloud ERP, continue to show robust growth, driven by AI integration and specialized industry functionalities.
The Supreme Court's signaling it may uphold a ban on TikTok, the wildly popular shortform video social media app, sent shockwaves through the stock market Friday, boosting shares of companies behind rival platforms and hitting hard one key TikTok partner.
The market ended the week on a somber note as the economy once again took center stage. Investors were digesting a surprisingly robust jobs report that highlighted the Federal Reserve's ongoing battle with inflation, the potential for future interest rate cuts, and what it means for the overall economy.
ORCL's Exadata X11M platform strengthens AI and cloud position. With 55% faster AI processing and multi-cloud deployment, ORCL merits attention in 2025.
The shares of software stalwart Oracle (ORCL) may boast a 57.4% year-over-year lead, but the cloud company and artificial intelligence firebrand has taken a 17.7% haircut in price off its Dec. 9 record high of $198.30. Per the chart below, the pullback has in the first few days of 2025 has taken the stock out of a channel of higher highs brought on by a post-earnings bull gap from September.