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Why Oracle stock tanked over 6% on Friday
Oracle stock (NYSE: ORCL) tumbled 6.5% on Friday, wiping billions from the market value of the enterprise software giant as investors parsed the company’s long-term AI and cloud ambitions against the ...
Shares of Oracle (NYSE:ORCL) climbed sharply on Wednesday's trading session, extending momentum from the company’s latest earnings release that sent the stock surging over 40%. The strong results have ...
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Not just Larry Ellison got a huge payday this week—Oracle’s CEO is worth over $3.4 billion after stock surge
Oracle’s breakout year shot the net worth of Larry Ellison to over $350 billion, making him neck and neck with Elon Musk for the world’s richest person. But it’s also soaring the pocketbook of the ...
Oracle Corp.’s (NYSE:ORCL) cloud-services agreements have positioned the company as a leading force in the hyperscale cloud industry, according to analysts. The deals, which could add over $30 billion ...
Although it is a major AI infrastructure operator, Oracle's excessive reliance on a few mega-deals and its high capital expenditures could prove problematic in the long run. Palantir’s scalable ...
WASHINGTON (Reuters) -Google said on Thursday that there were likely to be more than 100 companies affected by an ambitious hacking campaign that targeted Oracle's suite of business products, an early ...
The funding covers more than half of the A.I. data centers that OpenAI plans to build in the U.S. over the next several years. By Cade Metz Reporting from San Francisco OpenAI has signed a deal with ...
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