Oracle could become a significant partner of one of the most important AI companies on the scene.
Oracle (ORCL, Financial) saw its stock increase by over 1.2%, reaching $172.02. The rise comes as Oracle announced a strategic partnership with Amazon's AWS.
On 10/10/24, Verizon Communications, Oracle, and AT&T will all trade ex-dividend for their respective upcoming dividends. Verizon Communications will pay its quarterly dividend of $0.6775 on 11/1/24, Oracle will pay its quarterly dividend of $0.40 on 10/24/24, and AT&T will pay its quarterly dividend of $0.2775 on 11/1/24.
A milestone valuation could be on the horizon for Oracle shareholders.
Can Oracle's $6.5B AI investment translate into market share gains against AWS and Azure? Investors might want to wait and see.
The cloud battle between Oracle Corp ORCL and Salesforce Inc CRM is hitting new highs, and both stocks are riding the AI wave to impressive gains.
A strong earnings report led to a rally over the rest of the month.
Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.
Oracle Corp. plans to invest more than $6.5 billion to establish a public cloud region in Malaysia, aiming to meet the country's growing demand for artificial intelligence and cloud services.
Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday, the latest major investment by a global tech firm into the Southeast Asian country.
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The programmatic advertising market is benefiting from the adoption of AI, and this is helping The Trade Desk clock stronger growth than before. The need to rent cloud infrastructure to train AI models has boosted Oracle's growth, and its growth rate is expected to keep improving.