While the cloud giant beat earnings per share and sales growth forecasts, its revenue numbers came in lower than expected.
Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
It dragged other AI-related names down with it. Chip darling Nvidia was last seen down 1.4% in premarket trading, memory and storage firm Micron was 1% lower, tech heavyweight Microsoft dipped 0.4%, ...
With relatively tepid growth, rising debt, an increasing cash burn rate, soaring capex and reliance on money-losing OpenAI, ...
Oracle stock fell 11% today, as investors fret over how much the company is spending to build out AI data centers for OpenAI ...
Oracle Corporation is massively profitable, which limits risks for investors who are concerned about CapEx growth. Learn more ...
Oracle Corp. shares fell the most in more than 24 years after the company reported a jump in spending on AI data centers and ...
Oracle shares dropped 11% in premarket trading on Thursday, extending the previous session’s losses after the company reported quarterly results that underscored both the promise and the pressure of ...
Shares in Oracle opened almost 12% lower in Frankfurt, tracking U.S. afterhour losses after the company forecast sales and ...
Three months after Larry Ellison briefly became the world’s richest person, a historic slide in Oracle Corp. shares sent his ...
Yesterday we highlighted Oracle’s massive $455 billion cloud backlog and the question of whether infrastructure spending ...
Did people complain – and by people, we mean Wall Street – as the world’s largest bookseller invested huge amounts of money ...
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