The hot artificial intelligence (AI) sector caused many stocks to soar. Among these are veteran tech firm Oracle (ORCL -2.43%) and semiconductor giant Nvidia (NVDA -8.69%).
Oracle was hit hard by the DeepSeek AI sell-off but could ease concerns with its upcoming report. The post Oracle Stock Nears Earnings Test After DeepSeek Dimmed 'Stargate Euphoria' appeared first on Investor's Business Daily.
Artificial intelligence (AI) has been a boon for a number of businesses, including Oracle (ORCL 0.79%). AI energized the tech company's fortunes, sending its shares soaring 50% over the past 12 months through the week ending Feb. 21.
Oracle's involvement in the $100 billion Stargate AI infrastructure project positions it to significantly boost its cloud revenue and market share, potentially reaching $109 billion in revenue by 2029. Oracle's competitive pricing and strategic positioning make it an ideal partner for OpenAI, complementing Microsoft's Azure and easing capacity constraints. The Stargate project enhances US AI competitiveness, job creation, and innovation, with Oracle playing a crucial role in data center construction and cloud services.
Oracle's cloud growth impresses, but rich valuation warrants caution. You can hold or wait for better entry points in 2025 as competition and high capex unfold.
Artificial intelligence (AI) stocks have been major market movers in recent quarters -- and for good reason. AI promises to join many other discoveries and technologies that have been game changers.
Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The entire stock market seems to be centered around the technology sector today, going after the ever-increasing valuations and growth projections seen in the artificial intelligence space and its support areas, such as semiconductors and chip makers. However, there is another area that hasn't gotten too much attention lately.
The fast-growing adoption of artificial intelligence (AI) has given Oracle (ORCL 1.28%) a nice boost over the past couple of years, with shares of the company that's known for providing database management systems more than doubling during this period.
Big news in the artificial intelligence (AI) space over the weekend is shaking up stock prices at AI app-maker C3.ai (AI -4.77%) and small modular nuclear power plant-builder NuScale Power (SMR -3.41%) this morning, with C3.ai stock down 6.4% through 10:20 a.m. ET, and NuScale off 6.2%.
Oracle's currency headwinds in 3Q are expected to alleviate due to the weak dollar over the past few weeks, creating the potential to exceed market consensus. The company can maintain growth acceleration in revenue in 3Q on a constant currency basis, and its long-term growth potential is supported by nearly 50% YoY growth in RPO. Strong RPO growth is largely driven by cloud contract backlogs, which accounted for 75% of total RPO in 2Q.
Oracle CEO Safra Catz talks with CNBC's David Faber at Miami's FII summit.