Oracle stock NYSE: ORCL has pulled back nearly 6% from its recent 52-week highs following reports that the company is no longer in talks with Elon Musk's xAI startup for an expanded cloud-computing deal to train large language models. Despite this setback, Oracle has still outperformed the overall market and its sector, with the stock up over 30% year-to-date compared to the benchmark's 16.27% YTD performance. Oracle TodayORCLOracle$138.01 -1.25 (-0.90%) 52-Week Range$99.26▼$146.59Dividend Yield1.16%P/E Rat ...

I’m going to pound the table until my fists hurt. Your portfolio should include cloud computing and generative AI exposure. Oracle (NYSE:ORCL) excels in cloud and AI software and services, and if you don’t already own some Oracle stock, now’s the time to start a share position.My Oracle share-price target is $200, and maybe the stock will get there in 2024. If not, then it should hit $200 sometime next year. There’s no hurry and no worries when you’re investing in a top-notch technology firm like Oracle. So ...

Oracle (ORCL) Retail Merchandise Financial Planning Cloud Service (MFP) has been implemented by Ackermans, a leading value retailer, marking a significant upgrade from the latter’s previous Enterprise Planning (EP) system. The decision to replace the outdated EP system with Oracle MFP came after a comprehensive market evaluation and tender process. Ackermans sought a more robust and efficient solution that could better address the company's evolving needs. After careful consideration, Oracle emerged as the ...

Oracle's talks with xAI have reportedly stalled.One artificial intelligence (AI) stock that has been getting some attention lately is Oracle (ORCL -1.16%).A couple of months ago, media outlets reported that Oracle was rumored to be in negotiations for a $10 billion cloud server contract with Elon Musk's AI start-up, xAI.However, recent stories from Bloomberg and Reuters suggest that talks between xAI and Oracle have subsided. While this is an unfortunate development, I still see many reasons to own Oracle s ...

You can tell it’s the dog days of summer by the kind of business news covered by the media. On July 9, Oracle (NASDAQ:ORCL) announced a tie-up with Palantir Technologies (NYSE:PLTR) that seemed to move both Oracle and Palantir stock.“Oracle today announced that Palantir’s Foundry Platform and Artificial Intelligence Platform are certified on Oracle Cloud Infrastructure and generally available across all of Oracle’s distributed cloud deployment options,” the Oracle press release stated.InvestorPlace’s Samuel ...

A month has gone by since the last earnings report for Oracle (ORCL) . Shares have added about 1.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Oracle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Oracle Q4 Earnings Miss Estimates, Revenues Rise Y/YOracle re ...

With up to 95 percent reduction in infrastructure costs, organizations of any size can now benefit from using Oracle ExadataNew service unites the best of Exadata's database intelligent architecture and cloud elasticity to deliver extreme performance for AI, analytics, and mission-critical workloads at any scaleAUSTIN, Texas, July 11, 2024 /PRNewswire/ -- Oracle today announced the general availability of Exadata Exascale, an intelligent data architecture for the cloud that provides extreme performance for ...

Ahold Delhaize, Hitachi Construction Machinery, Lemtrans, and Mazda Motors Logistics Europe N.V. move their business-critical VMware environments to Oracle Cloud VMware Solution  Latest OCI Compute with AMD, Intel, and NVIDIA processors give Oracle Cloud VMware Solution customers greater scale, performance, and address new use cases like virtual desktops and AI and ML AUSTIN, Texas, July 10, 2024 /PRNewswire/ -- Global organizations across industries including Ahold Delhaize, Hitachi Construction Machinery, ...

Oracle (ORCL) has announced a significant collaboration with Palantir Technologies (PLTR) , marking a new chapter in the realm of cloud computing and artificial intelligence (AI). The tech giant revealed that Palantir's Foundry Platform and Artificial Intelligence Platform (AIP) have been certified on Oracle Cloud Infrastructure ("OCI") and are now generally available across all of Oracle's distributed cloud deployment options. This partnership aims to leverage Oracle's robust distributed cloud, AI infrastr ...

New Oracle Argus and Safety One Intake enhancements make it easier for pharmacovigilance teams to increase efficiency and address global regulatory complianceAUSTIN, Texas, July 10, 2024 /PRNewswire/ -- Oracle today announced new capabilities in its AI-supported Oracle Argus and Safety One Intake solutions to help life science organizations meet evolving regulatory requirements and the rising volume of adverse event case workloads. With new enhancements designed to increase productivity, improve data privac ...