Oracle Corp. told investors that surging demand for artificial intelligence infrastructure will sustain its data center expansion through at least 2027, a forecast that sent shares up roughly 8% after ...
Over the past few weeks, cracks have started to appear in the tech sector’s growth plans for artificial intelligence.
Shares of Oracle and chipmakers rose on Wednesday after a strong earnings report signaled AI demand remains healthy, but ...
Despite operating in a different league than traditional Big Tech giants, Oracle has heavily invested in the AI-driven future of computing and cloud services. The Austin-based ...
Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
Oracle shares surged about ⁠10% ⁠before the bell on Wednesday ⁠after the software giant's upbeat revenue forecast calmed worries over faster ​returns from its hefty spending on artificial intelligence ...
Discover how Oracle's earnings report could influence its full-year 2026 guidance and long-term growth strategy. Read more here.
Oracle's latest earnings surpassed estimates, and remarks from executives calmed worries about the breakneck pace of AI infrastructure spending.
Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.
Oracle is benefiting from its new bring-your-own-chip policy, which helps protect margins as the company wins more cloud business.
Oracle shares led the tech sector higher Wednesday as investors cheered the cloud giant's better-than-expected earnings and stronger outlook.
Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...