Tag: $Oracle Corp.

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.

Oracle Corporation (NYSE:ORCL) shares jumped 5% in premarket trading Tuesday after CBS News reported that the software giant is among a consortium of firms that could enable TikTok to continue operating in the U.S. if a framework deal between Washington and Beijing is reached.

Oracle stock rose sharply after the software firm reported a mixed earnings report but revealed a significant increase in its backlog of contracted work.

Oracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth will accelerate.

Oracle stock was down in premarket trading Tuesday after the company reported fiscal third-quarter results below Wall Street’s estimates.

OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman and CTO Larry Ellison joined President Trump to announce an investment of as much as $500 billion in artificial intelligence infrastructure in the U.S.