Oracle is looking beyond Nvidia for the chips it needs to power its AI datacenters. In what could be described as a warning shot to Jensen Huang's business, Oracle co-founder Larry Ellison said: "We ...
Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based ...
After five decades of selling enterprise software, Oracle ORCL0.25%increase; green up pointing triangle has amassed a lot of very large customers. But never before has the company’s fate hinged so ...
Oracle's stock experienced a significant drop after reporting quarterly results that missed revenue expectations, largely due to substantial spending on data centers for AI customers like OpenAI. The ...
Oracle ORCL0.88%increase; green up pointing triangle shares fell sharply on Thursday, a stark display of investors’ concerns about tech companies overspending on artificial-intelligence infrastructure ...
Oracle Corp’s stock fell sharply Wednesday in after-hours trading, after the cloud company reported quarterly earnings that missed Wall Street estimates, continuing a long slump prompted by worries ...
RUNNING A GIANT software business used to be fun. Sure, coming up with a great product was a grind. But once you had one that customers could not live without—be it Microsoft Office, Amazon.com, ...
Quarterly revenue grew 14% year on year, but shares are down 11-12% following bad news The company is anticipating spending $15 billion more, largely due to AI Meta, Nvidia, and OpenAI are all major ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s funny how perceptions change. In September, Oracle raised its estimate of next year’s capital expenditure ...
Oracle, a data company co-founded by Larry Ellison, has demonstrated disappointing stock results, thereby sparking fresh AI bubble-related fears among investors. According to The Guardian, the company ...
Today, investors are waking up to red on their screens as many tech and AI stocks are dropping in premarket trading. But why are shares in these companies falling? Much of it has to do with the cloud ...
Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth and big rise in spending Business live – latest updates Oracle’s shares tumbled 15% on Thursday in ...
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