Oracle’s stock shot up 27% today after the company reported a ridiculous 359% increase in cloud backlog, reaching $455 billion. That surge happened even though Oracle missed on earnings. Investors ...
Since Oracle Corp. stunned investors last month with its massive artificial-intelligence pipeline, shares of the company have pulled back from their peak as questions emerge about how the company will ...
WASHINGTON (Reuters) -U.S. credit rating agency Moody's Ratings flagged several potential risks in Oracle Corp's $300 billion of recently signed artificial intelligence contracts, but stopped short of ...
Oracle came out swinging Tuesday, disputing claims that it sold the state of California more software than it needed--and warning that if that state cancels a $95 million contract, it could create ...
OpenAI signed a contract with Oracle ORCL-4.47%decrease; red down pointing triangle to purchase $300 billion in computing power over roughly five years, people familiar with the matter said, a massive ...
Oracle Corp. (NYSE:ORCL) extended its gains Monday, building on last week’s historic rally that underscored OpenAI’s influence across technology markets. The software giant recorded its largest stock ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. The catalyst wasn’t a flashy product rollout or a surprise earnings beat — in ...