Shares of database service provider Oracle fell after Elon Musk’s artificial intelligence startup xAI decided to bring some computing back in-house.
Shares of database service provider Oracle fell after Elon Musk’s artificial intelligence startup xAI decided to bring some computing back in-house.
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.
Oracle reported an earnings beat in its quarterly results.
Oracle shares were heading sharply lower in late trading Monday after the enterprise software giant posted November quarter financial results that fell short of both the company’s own guidance and consensus Street estimates.
Oracle shares moved 9% lower in extended trading on Monday after the database software maker disclosed revenue and revenue guidance that were lighter than expected.
Oracle shares climbed as much as 5% in extended trading on Monday after the software vendor announced fiscal fourth-quarter results and quarterly revenue guidance that exceeded Wall Street’s expectations.