Oracle (ORCL) will report fiscal third-quarter results on March 10 and its outlook on its Oracle Cloud Infrastructure unit is likely to be of utmost importance for investors, investment firm Evercore said.

While Oracle has traditionally been viewed as a legacy database provider, its aggressive pivot toward Oracle Cloud Infrastructure (OCI) has sparked a

Oracle (ORCL) stock weakens as the company announces sweeping job cuts to manage rising AI infrastructure costs and plans to raise $45B-$50B in capital.

According to Evercore analysts, Oracle is well positioned to benefit from rising global AI adoption due to its role as a hyperscale infrastructure partner for major AI developers and enterprise clients.

Oracle (NYSE:ORCL) has had a brutal run since its moment in the AI spotlight. But Jefferies analyst Brent Thill isn’t running away from it. He just reiterated his Buy rating on the stock, and while he trimmed his price target,

If Oracle maintains this pattern of aggressive short-term rallies, current shareholders could see significant upside from these levels.

Analysts expect Oracle to report adjusted earnings per share of $1.71 for the quarter, representing year-over-year growth of 16.3%. Revenue is projected to reach about $16.9 billion, a 20% increase compared with the same period a year earlier.

U.S. TikTok users were experiencing service disruptions Tuesday related to an Oracle Cloud Infrastructure issue. Something similar happened almost exactly a month ago.

Oracle plans to cut thousands of jobs across multiple divisions as it works to manage costs tied to its AI data center buildout. The company is reportedly reallocating spending toward large cloud infrastructure projects for clients such as OpenAI and Meta.