ORCL hits a record high on fiscal first-quarter cloud boom and new alliances, making it a compelling buy in the near term despite intense competition and stretched valuation.
From a technical perspective, Oracle (ORCL) is looking like an interesting pick, as it just reached a key level of support. ORCL recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Oracle has found success building AI data centers and winning AI workloads. IBM is doubling down on its Oracle consulting business with an acquisition and an expansion.
Oracle co-founder and Chief Technology Officer Larry Ellison predicted a $100 billion, nuclear power-fueled AI boom. That's good news for Nvidia.
Major U.S. equities indexes were mixed ahead of Tuesday evening's presidential debate and Wednesday morning's release of key inflation data that could factor into the Federal Reserve's upcoming decision on interest rate policy.
Oracle (ORCL) shares have soared over +10% in today's trading session after the cloud provider was able to exceed top and bottom line expectations for its fiscal first quarter on Monday evening.
Oracle is designing a data center that would require more than a gigawatt of power, chairman and co-founder Larry Ellison said. The data center would be powered by three small modular nuclear reactors, Ellison told investors this week.
Larry Ellison, founder and chairman of Oracle, says the entry price to fight in the arena for artificial intelligence is around $100 billion.
We're upgrading Oracle to a buy as we see green shoots for FY25. Oracle's 1QFY25 results and new AWS partnership lead us to believe the company's multi-cloud strategy will translate to a re-acceleration in top-line growth in a friendlier macro backdrop. The company reported sequential RPO growth this quarter, offsetting the seasonal decline usually experienced in Q1 and further confirming momentum.
BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc AMZN with a price target of $210.
Oracle Corp (NYSE:ORCL, ETR:ORC) shares surged after the cloud technology firm announced a new partnership with Amazon Web Services (AWS), Amazon.com Inc (NASDAQ:AMZN)'s Cloud division, called oracleDatabase@AWS which will connect Oracle's databases with AWS applications. Database@AWS will be rolled out in 2025 and will run on dedicated infrastructure to provide a low-latency bridge between the two Clouds.
Oracle shares have risen 50% in 2024 after a boffo earnings report. That increase is far more compelling than the rise in shares of Amazon (+17%), Apple (+18%), Google (+7%), and Microsoft (+9%).