Oracle will continue to provide cloud services for a new U.S. version of TikTok, a White House official said Monday. ...

Let's turn to this leadership shakeup at Oracle today. The company naming two new CEOs. Clay McGor and Mike Cecilia.Sappercatz will serve as the executive vice chair. Stocks jumping today and up more than 90% as you might know for the year. Joining us this morning's head of tech research Ben Writes can talk about this along with some other topics too.Morning Ben, good to see you. Carl, great to be here. So we had a big discussion this morning about why now uh and does it sort of if Kat is trying to exit at ...

Oracle on Monday named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was instrumental in shaping the company’s cloud strategy and thrusting it to the forefront of the ongoing AI boom with big contract wins.In her 11 years at the helm, Catz turned Oracle into a cloud powerhouse from a database provider by fiercely competing for a share of the lucrative data center business with Microsoft and Alphabet, while helping drive its market capitalization to nearly a trillion dollars.S ...

Key Takeaways Seagate stock has soared 153.4% in six months and 66.2% in three months, crushing benchmarks.Mass capacity revenues grew 40% as nearline drives hit 91% of total shipped exabytes.Seagate projects Q1 FY26 revenue of $2.5B, a 15% year-over-year improvement.Seagate Technology Holdings plc (STX) has skyrocketed 153.4% in the past six months, outperforming its Computer - Integrated Systems industry’s growth of 36.1%. It has also outperformed the Zacks Computer and Technology sector surge of 30.6% an ...

Core Insights - Nvidia will invest up to $100 billion in OpenAI, marking a significant partnership in the AI sector [1] - The partnership aims to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure, with initial deployment expected in the second half of 2026 [2] - Nvidia's investment follows a recent $5 billion commitment to Intel and comes amid a broader trend of substantial investments in AI infrastructure globally [3] Company Developments - OpenAI's CEO emphasized the importance of compute infrastructure for future economic growth, indicating that the collaboration with Nvidia will facilitate new AI advancements [3] - Nvidia's stock rose by 3% following the announcement, while Oracle's shares increased nearly 5% due to its involvement in the Stargate AI data center project [3] - OpenAI and Microsoft are restructuring their relationship, allowing OpenAI to transition into a for-profit entity, which may attract regulatory scrutiny [4] Industry Context - The investment landscape in AI is characterized by companies investing hundreds of billions to enhance cloud computing capabilities necessary for advanced AI technologies [1] - The Trump administration's approach to competition issues contrasts with the Biden administration's more stringent antitrust enforcement, potentially impacting the dynamics of the AI industry [5] - Recent agreements between the Justice Department and the Federal Trade Commission may lead to investigations into the market positions of Microsoft, OpenAI, and Nvidia [5]

Amazon (AMZN) is a global technology leader renowned as the world’s largest online retailer and a dominant player in cloud computing through Amazon Web Services (AWS). Amazon has grown from an online bookseller to an expansive digital marketplace offering a wide range of products, including electronics, groceries, and streaming and smart device brands. Founded in 1994 by Jeff Bezos, it is headquartered in Seattle. More News from Barchart Amazon Outperforms Market AMZN shares have dipped ever so slightl ...

CHONGQING, CHINA - JULY 27: In this photo illustration, a person holds a smartphone displaying the logo of Seagate Technology Holdings PLC (NASDAQ: STX), a leading provider of data storage solutions including hard drives and solid-state drives, on July 27, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesSeagate Technology stock (NASDAQ: STX) has surged, gaining 13% over the last five trading days alone and increasing the company’s market capitalization by approximately $6 ...

CHONGQING, CHINA - JULY 27: In this photo illustration, a person holds a smartphone displaying the logo of Seagate Technology Holdings PLC (NASDAQ: STX), a leading provider of data storage solutions including hard drives and solid-state drives, on July 27, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesSeagate Technology stock (NASDAQ: STX) has surged, gaining 13% over the last five trading days alone and increasing the company’s market capitalization by approximately $6 ...

Group 1 - Oracle is taking over the algorithm for TikTok's US business, indicating a significant strategic move in the tech landscape [1] - The company announced a CEO change, with Safra Catz transitioning to vice chair after 26 years, highlighting a shift in leadership dynamics [2] - The new co-CEOs, who have been with Oracle since 2014, are expected to drive the company's focus on cloud infrastructure and AI applications [3][4] Group 2 - The appointment of co-CEO Clay as a key figure in cloud infrastructure reflects Oracle's commitment to enhancing its market position in this area [3] - Mike Sicilia, the other co-CEO, brings deep knowledge of AI applications, signaling Oracle's intent to expand its capabilities in this growth sector [3][4] - The leadership change is seen as a strategic move to align Oracle's operations with current market demands, particularly in cloud and AI [2][4]

Prime 1,600-acre Nassau County property offers power, water, fiber connectivity and expansion capacity for phased AI and cloud infrastructure growthMIAMI, Sept. 22, 2025 (GLOBE NEWSWIRE) -- NextNRG (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced it has secured a long-term lease option on 1,600 acres in Nassau County. The company is advancing plans for a potential deployment of a 200 MW smart microgrid that would utilize ro ...