Major U.S. equities indexes were mixed on a noteworthy day for economic news.
The May CPI report came in better than expected, but the Fed still lowered its rate-cut expectations for the year.
Larry Ellison's 42% Oracle stake increased in valued by $18 billion on Wednesday after the software company called for faster revenue growth. Ellison owns about 1.15 million shares in the company he founded more than 45 years ago.
Oracle posted quarterly sales and earnings results that fell short of the market's expectations. The company had new partnership announcements and forward guidance that overshadowed its performance misses.
Oracle Corp ORCL shares were climbing on Wednesday after the company reported its quarterly results.
Oracle (ORCL) shares jumped to a record high in intraday trading Wednesday after the company announced it signed cloud infrastructure agreements with Microsoft (MSFT) and OpenAI, as well as Alphabet's (GOOGL) Google Cloud, shifting focus away from quarterly earnings and revenue that missed estimates.
Oracle (ORCL) shares rose on strong booking and solid revenue outlook for fiscal 2025 despite earnings and revenue miss.
Oracle Corp (NYSE:ORCL, ETR:ORC) shares were given further backing by analysts after it reported earnings and revealed new AI-linked partnerships with Google, Microsoft and OpenAI overnight. UBS and Jefferies both issued 'buy' ratings with price targets of $160 and $150, versus Tuesday's close at $123.88.
Oracle stock is trading higher as the software firm's new AI deals and upbeat outlook offset an earnings miss. Here's what you need to know.
Oracle (ORCL) expands its partner base with Microsoft and Google, which is expected to boost the company's cloud services and license revenues in the upcoming quarters.
Oracle shares popped on Wednesday, a day after the software company announced its fourth-quarter results that showcased a strong RPO backlog. The company reported $98 billion of RPO, the revenue it expects to receive from contracts in future quarters.
Oracle (NYSE: ORCL ) stock is trending on social media and across headlines this morning after reporting weaker-than-expected financial results. However, positive comments about Oracle's artificial intelligence (AI) related business and upbeat guidance have investors excited.