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Oracle-AWS partnership signals new growth opportunities for Cloud providers: analysts
Proactiveinvestors NA· 2024-09-10 17:06
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Oracle Stock Up 50% — But AI Training Is Why To Sell In 2026
Forbes· 2024-09-10 16:33
REDWOOD CITY, CA - MARCH 20: Pedestrians pass the Oracle Corp. headquarters March 20, 2006 in ... [+] Redwood City, California. Oracle Corp.?s quarterly profit increased 42 percent, earning $765 million, or 14 cents per share compared to $540 million, or 10 cents per share, the same time last year. (Photo by Justin Sullivan/Getty Images)Getty ImagesOracle shares have risen 50% in 2024 after Monday’s boffo earnings report. That increase is far more compelling than the rise in shares of Amazon (+17%), Apple ( ...
Oracle Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2024-09-10 15:35
Oracle (ORCL) reported first-quarter fiscal 2025 non-GAAP earnings of $1.39 per share, which beat the Zacks Consensus Estimate by 5.3% and increased 16.8% year over year. At constant currency (cc), earnings increased 18% year over year.Revenues rose 6.9% (up 8% at cc) year over year to $13.3 billion and beat the Zacks Consensus Estimate by 0.68%, driven by continued momentum from its Oracle Cloud Infrastructure (“OCI”) business, including from winning cloud-computing contracts from AI-focused startups. Shar ...
Nvidia Stock Investors Got Breathtaking Thoughts From Oracle's CEO
The Motley Fool· 2024-09-10 15:06
Oracle continues to see strong demand for its AI infrastructure, which is fueling Nvidia's growth potential.In today's video, I discuss Nvidia (NVDA 0.51%) and Oracle (ORCL 12.02%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of September 9, 2024. The video was published on September 9, 2024. ...
Record Highs for Oracle Stock After Earnings
Schaeffers Investment Research· 2024-09-10 14:56
Cloud stock Oracle Corp (NYSE:ORCL) is soaring to all-time highs today, following the company's better-than-expected fiscal first-quarter results. At last glance, the shares were up 12.5% at $157.39 -- earlier as high as $160.52. ORCL attracted at least 15 price-target hikes in response, including one from Mizuho to $185 from $170.Options traders are rushing the equity as well. So far this morning, 130,000 calls and 99,000 puts have crossed the tape, which is already 17 times the stock's average daily optio ...
Oracle Can Turn the Magnificent 7 Into 8: Here's Why
MarketBeat· 2024-09-10 14:36
Oracle TodayORCLOracle$156.90 +17.01 (+12.16%) 52-Week Range$99.26▼$160.17Dividend Yield1.02%P/E Ratio42.29Price Target$146.30Add to WatchlistOracle NYSE: ORCL will have to triple in value to hit the $1 trillion mark and have a valuation on par with today’s Magnificent 7, but it can do it. Its FQ1/CQ3 results reveal its growing importance to Internet infrastructure, the cloud, and AI, which is accelerating revenue and earnings growth. The critical detail is that its shift from products to cloud services was ...
Oracle Offers Powerful Generative AI RAG Agent and Enhanced AI Services to Help Customers Solve Business Problems
Prnewswire· 2024-09-10 13:20
Organizations benefit from a fully managed RAG service with support for Oracle Database 23ai AI Vector Search without manual integrationOCI Generative AI now provides access to Meta's Llama 3.1 models in addition to Cohere Command R and Command R+ modelsLAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced the general availability of Oracle Cloud Infrastructure (OCI) Generative AI (GenAI) Agents with retrieval-augmented generation (RAG) capabilities and enhanced Oracle AI inn ...
Oracle Introduces an AI-centric Generative Development Infrastructure for Enterprises
Prnewswire· 2024-09-10 13:16
Leveraging Oracle Database 23ai technologies and assisted by AI, developers can focus on building app functionality instead of data infrastructure needsOracle Autonomous Database on Oracle Database 23ai and multiple new products and features are now available to support generative developmentLAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld — Oracle today announced generative development (GenDev) for enterprises, a groundbreaking AI-centric application development infrastructure. It provides innov ...
Oracle Strengthens Organizations' Cloud Security Posture by Separating Network Security from Network Architecture
Prnewswire· 2024-09-10 13:10
OCI Zero Trust Packet Routing enables organizations to decouple network configuration from network security to help prevent data breaches that result from human error LAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced the availability of Oracle Cloud Infrastructure Zero Trust Packet Routing which is built into the network fabric of Oracle Cloud Infrastructure (OCI). This helps to curtail any unauthorized access to data by separating network security from the underlying arc ...
Oracle Announces New AI Capabilities to Help Accelerate Application Development
Prnewswire· 2024-09-10 13:08
Oracle Code Assist is now available in beta to help boost developer velocityOCI Kubernetes Engine enhancements help organizations train and deploy AI models at scaleLAS VEGAS, Sept. 10, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced new capabilities to help customers accelerate the development of applications and deployment on Oracle Cloud Infrastructure (OCI). Oracle Code Assist, an AI code companion to help increase developer velocity, is now available through the Oracle Beta Program. Th ...