Larry Ellison tops Elon Musk as world's richest person
Digest more
Oracle is soaring as investors cheer its aggressive data-center forecast as a positive sign for AI demand.
Oracle's growth signals the end of experimental AI and urgent need for enterprises to secure production infrastructure now.
Oracle Corp. is having a record-breaking day in the stock market after delivering blockbuster guidance that has Wall Street buzzing about the opportunities in artificial intelligence.
The artificial intelligence trade got a shot of adrenaline on Wednesday after results from database software and cloud provider Oracle suggested the AI spending bonanza has ample room to run.
Oracle Corporation (ORCL) sent shockwaves through Wall Street with a staggering share price surge of between 36% and 43%, marking its best single-day performance in over three decades.
It signed four multibillion-dollar cloud contracts with three different customers in the first quarter. Read more at straitstimes.com. Read more at straitstimes.com.
To compete with IBM and HP, Sun will bundle Oracle's database with higher-end Unix servers, subsidize customer fees. Photo: Best buddies McNealy and Ellison Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography ...
Concerns about the fading impact of generative AI were easily dismissed by Oracle, which just delivered a stunning earnings report that launched ORCL stock into orbit.