Oracle Layoffs And AI Cutbacks Reshape Cloud Ambitions And Valuation Outlook

Oracle (NYSE:ORCL) is preparing large workforce reductions, with reports indicating potential cuts of 20,000 to 30,000 jobs, up to 18% of its staff. The company is also scrapping a major planned AI ...

Oracle’s massive AI cloud bet draws scrutiny after $50B financing push

Oracle reported its third-quarter earnings on Tuesday, with investors treating the results as an important signal for the artificial intelligence trade. The company has been expanding its cloud ...
Yahoo Finance

Oracle’s Massive AI Funding Plan Reshapes Cloud Focus And Investor Risks

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Oracle (NYSE:ORCL) is reportedly planning to raise about US$45b to US$50b in debt and equity ...
Morningstar

Oracle's not-so-secret weapon that's helped it quickly take on the cloud giants

Larry Ellison, now Oracle's CTO, has played a major role in helping the company win AI cloud deals and pivot beyond legacy software Oracle projects that its Oracle Cloud Infrastructure business will ...
The Information

Oracle Projects Higher Near-Term Revenue, Shares Rise 8%

Oracle shares rose 8% in after-hours trading Tuesday after the firm raised its projected revenue for the fiscal year that starts in June by about 8% to $90 billion. The disclosure, which Oracle made ...

Oracle, OpenAI abandon Texas AI data centre expansion tied to $500 billion Stargate project: Report

Despite cancelling the planned 600-MW expansion at the Abilene site, Oracle and OpenAI’s broader plan to build 4.5 gigawatts ...
Seeking Alpha

Oracle: Cloud Momentum And Heavy AI Investment Turn A 30% Slide Into Opportunity

Oracle Corporation is rated a Buy with a $280 price target, suggesting 17% upside driven by AI and cloud momentum. ORCL's cloud revenue surged 28% YoY, fueled by a $300B OpenAI deal and $455B in ...
CRN

Oracle Keeps Growing Cloud Footprint With Ampere After Stake Sale

Less than a month after Oracle sold its stake in Ampere Computing, the tech giant is launching new public cloud instances powered by the chip designer’s custom, Arm-compatible processors, calling the ...
Nasdaq

Oracle's Cloud Expansion via AWS: 3 Key Reasons to Hold the Stock Now

Oracle Corporation ORCL reached a critical inflection point with its Oracle Database@AWS launch, completing partnerships across all major hyperscalers, including Amazon AMZN, and positioning the ...
Cloud Computing

Layoffs hit Oracle Cloud teams in US, India, and Canada

Oracle is reducing staff in its cloud division, a move aimed at managing costs while the company continues to pour money into AI infrastructure. Sources familiar with the matter said employees were ...
Nasdaq

Does Oracle's (ORCL) Cloud Growth Justify a Buy Decision Today?

Oracle Corporation ORCL has been making significant strides in the cloud computing arena, prompting investors to reassess the company's potential as a long-term investment. The company's strategic ...
AOL

Why Oracle Stock Popped Today

Shares of Oracle (NYSE: ORCL) rallied on Wednesday, as investors applauded the tech titan's strong quarterly earnings report. By the close of trading, Oracle's stock price was up more than 9%. Will AI ...