"Uncertainty is a death knell for the market," says Ted Weisberg. He expects stocks to recover once more plans come out of Washington.
Oracle Corp (NYSE:ORCL, ETR:ORC) will report its fiscal third quarter report on Monday, March 10 with all eyes on an update on the company's role in the Stargate project. Stargate, a joint venture between Oracle, SoftBank, OpeanAI and MGX, aims to invest $500 billion over four years in AI infrastructure across the US.
Oracle Corporation ORCL will release its third-quarter financial results, after the closing bell, on Monday, March 10.
Oracle shares are down 20% to $150 since peaking in late November.
Oracle's federal electronic health record experienced a nation-wide outage on Tuesday, the U.S. Department of Veterans Affairs confirmed to CNBC. Six VA medical centers, 26 community clinics and remote VA sites experienced disruptions.
Besides Wall Street's top -and-bottom-line estimates for Oracle (ORCL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended February 2025.
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.