Oracle is reportedly looking to raise funds just weeks after the company inked an historic AI infrastructure deal with OpenAI.
OpenAI, Oracle and SoftBank on Tuesday announced plans for five new artificial intelligence data centers in the United States to build out their ambitious Stargate project.
CNBC's MacKenzie Sigalos reports on news regarding OpenAI.
Move over Nvidia (NASDAQ:NVDA), there seems to be a new hot stock in town after Oracle (NYSE:ORCL) pulled the curtain on one of the best and most shocking quarters from a large-cap firm you'll hear of.
Oracle (ORCL) has named Clay Magouyrk and Mike Sicilia, two company insiders, as co-CEOs, replacing Safra Catz. The C-suite shake-up comes after President Trump said Oracle co-founder Larry Ellison is among the tech and media moguls who could be involved in the US arm of TikTok.
Oracle (ORCL) Monday named two new CEOs, including the former head of its cloud infrastructure business, to take over from Safra Catz as the software firm boosts its bets on AI.
Oracle Corporation is poised for hypernuclear growth, driven by a 359% YoY surge in RPO and a potential $20B deal as Meta considers tapping Oracle for AI cloud compute. Plus, it is highly likely that the U.S. govt. will announce the TikTok divestment soon, which will strengthen ORCL's position with potential incremental annual revenues to exceed up to $800M. Oracle's cloud backlog explosion and multi-billion-dollar contracts position it to rival hyperscalers like AWS, Azure, and Google Cloud over the next four years.
Oracle has named Clay Magouyrk and Mike Sicilia as CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company's board.
Oracle has surged over 100% in six months, fueled by explosive cloud growth, record backlog, and major AI deals, like OpenAI. ORCL's AI infrastructure leadership is validated by multi-billion-dollar contracts, unique multi-cloud partnerships, and rapid expansion in GPU capacity and innovation. Despite trading at a steep premium and facing risks from high capex, debt, and customer concentration, technical momentum remains strong.
Sometimes the best signal to buy stock in a particular company shows up on another company's earnings call. That's what just happened for semiconductor company Broadcom (AVGO -0.12%).
Oracle is in talks with Meta on a $20 billion AI cloud computing deal, Bloomberg News reported on Friday.
Oracle Corporation recently experienced a historic single-day market cap gain driven by AI momentum. ORCL stock is technically overvalued, with high risk and high reward profiles, making risk management crucial for investors. My approach emphasizes technical analysis and options strategies, such as collars, to manage downside risk while maintaining upside exposure.