Tag: $Oracle Corp.

Oracle’s stock has been on the decline this year, but its new reported deal with China’s Tencent could come as a positive signal for investors.

Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks.

Oracle shares declined Monday following a disclosure that co-founder and Chief Technology Officer Larry Ellison had canceled a pre-arranged plan to sell company shares.

Oracle Corp.’s shares rose over 4% in overnight trading late Thursday after the cloud company reported fiscal first-quarter results above expectations and raised its full-year forecasts.

The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software maker, which has been punished by investors this year. The stock rose about 3% in extended trading.

Oracle shed 21,000 jobs, almost 13% of its workforce, in the past year, as tech giants carry out sweeping layoffs as a result of AI.

Oracle said on Tuesday that details in a Business Insider ​report on the collapse of its discussions with ‌Microsoft over a potential leasing deal were inaccurate.

Higher capital expenditure, revenue guidance falling short of expectations, and the growth of cloud computing diluting the company’s software margins all look like concerns. But that’s not putting off some analysts.

Oracle is poised to make a quick buck off an investment in Bloom Energy.

Pacific Investment Management Co. is in talks with the Bank of America to help provide roughly $14 billion of debt ​financing to build an Oracle (ORCL), data center in Michigan, ‌Bloomberg News reported on Tuesday, citing people familiar with the matter.

Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping ​an executive with experience in infrastructure and ‌energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.

Shares of DTE Energy (DTE) jumped Tuesday after the Michigan-based energy company reported better-than-expected quarterly earnings as it prepares to power Oracle’s (ORCL) data center in Saline Township, Mich.

Data center giant Oracle’s stock rose 5% in premarket on Monday, after the company announced plans to raise up to $50 billion to develop additional capacity for customers.

Paramount Skydance amended its $30 a share, all-cash offer for Warner Bros. Discovery on Monday, with Paramount shareholder and Oracle founder Larry Ellison now guaranteeing $40.4 billion of the equity financing for the bid, and any damages claims against Paramount.

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members of the public pushed back on the project.

Oracle’s largest data centre partner Blue Owl Capital will not back a $10bn deal for its next facility, as the software group faces increased concerns about its rising debt and artificial intelligence spending.

Oracle shares plummeted 13% in premarket trading on Thursday, extending yesterday’s losses after the firm reported disappointing results.

Oracle shares ended Thursday trading up 3% as it called for more business in core categories and confirmed a cloud-computing deal with social media company Meta.

Oracle Cloud Infrastructure on Tuesday announced that it will deploy 50,000 Advanced Micro Devices graphics processors starting in the second half of 2026.

President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law.