AI capabilities in Oracle APEX enable users who don't know SQL to execute a vector search in less than two minutesAUSTIN, Texas, June 17, 2024 /PRNewswire/ -- Oracle today announced new AI innovations in the latest release of the Oracle APEX low-code development platform. The new APEX AI Assistant simplifies application development and helps developers quickly build feature-rich, mission-critical applications at scale. Developers now can create applications by using natural language prompts to specify desir ...

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Cristi Croitoru Oracle (NYSE:ORCL) reported their fiscal Q4 ’24 financial results after the bell last Tuesday, June 11th, 2024, and while the numbers weren’t great (both revenue and EPS missed consensus estimates), the stock price reaction was notable, probably due to the growth in RPO (remaining performance obligation, which is likely a fancy term for backlog), and the deals with Google (GOOG, GOOGL) and Open AI, around OCI or Oracle Cloud Infrastructure. I have written quite a bit about Oracle over th ...

Oracle (NYSE:ORCL) is among the top AI and cloud computing companies that’s seeing incredible momentum of late. Now, it’s not Nvidia (NASDAQ:NVDA) like momentum. But up more than 30% year-to-date, with much of that upside taking place in recent weeks, it’s clear investors are jumping on this stock in a big way right now.The company’s cloud revenue surged by 25% in 2024, driven by the company’s core cloud services business emphasizing its advantages in autonomous databases and AI computing. This strategic sh ...

Should you buy the blue-chip tech giant or its higher-growth peer?Oracle (ORCL -1.23%) and Datadog (DDOG -1.42%) represent two ways to invest in the secular growth of the cloud and artificial intelligence (AI) markets. Oracle provides cloud-based database services, enterprise software, and generative AI services across its own cloud infrastructure platform. Datadog's platform collects diagnostic data from a company's servers, databases, and software in real time, and it aggregates all of that information on ...

Oracle stock has been picking up momentum...Oracle (ORCL -1.23%) isn't the biggest cloud services provider around, but it's one of the fastest-growing right now -- and the company, once most known for database management, is going all-in on developing its cloud presence and serving artificial intelligence (AI) customers. The efforts are working, with demand and cloud infrastructure revenue soaring in recent times.In fact, in Oracle's quarterly report this week, the company announced a 42% increase in cloud ...

SolStock/E+ via Getty Images Investment Thesis In my last article on Oracle Corp (NYSE:ORCL), published in March 2024, I talked about the company’s third-quarter earnings and analyzed the company’s plans to capitalize on the AI boom. I had a HOLD rating on the stock. Since my article was published, the stock has gained 8.7%, handily outperforming the S&P 500, which gained 5.1% during the same period. In this article, I dissect the company’s fourth-quarter earnings report and analyze the implications of ...

Oracle (ORCL) announced that its Exadata Database Service on Oracle Cloud Infrastructure (“OCI”) has been chosen by Panasonic Information Systems Co., Ltd. (“Panasonic IS”), the IT arm of Panasonic Holdings Corporation, to power its extensive internal systems migration in a significant move that underscores the growing adoption of cloud-based solutions among global enterprises.This strategic decision not only highlights Oracle's strengths in delivering high-performance, cost-effective cloud database solutio ...

The company's AI business is in red-hot form.Shares of Oracle (ORCL -0.38%) have underperformed the broader market in the past year with gains of just 13%, which is lower than the 25% jump the S&P 500 index has recorded over the same period. However, there is a solid chance that the company, which is known for its database software, could shrug off this underperformance and deliver market-beating returns over the next year.After all, Oracle is turning out to be a key player in the cloud computing market now ...

US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress ... [+] (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. The world's biggest mobile phone fair throws open its doors in Barcelona with the sector looking to artificial intelligence to try and reverse declining sales. (Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)AFP via Getty ImagesOracle’s stock (NYSE: ORCL) price jumped approximately 13% on ...