Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year. That marks a ...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Brody Ford looks at one of the downsides of Oracle’s leap into ...
Last week, Oracle surprised Wall Street with a massive $300 billion deal with OpenAI, a five-year deal that helped send Oracle’s stock soaring—and brought simmering fears of an ‘AI bubble’ back to the ...
Oracle has never given up gains this big, this fast. Investors nervous about the scale of capital that technology companies are plowing into artificial-intelligence infrastructure rattled stocks this ...
According to multiple reports, including Bloomberg and Reuters, Oracle Corp. (ORCL) is in advanced talks with Meta Platforms (META) for a multi-year cloud deal worth about $20 billion. The agreement ...