Since the beginning of the year, Oracle stock has gained 74%. Pivoting to become the artificial intelligence infrastructure build-out leader paid off. On October 16, G42 revealed significant progress on the construction of Stargate United Arab Emirates (UAE), a 1GW large-scale AI infrastructure cluster being developed by Khazna Data Centers, a G42 company, within the 5GW UAE–U.S. AI Campus in Abu Dhabi. The project is being built in partnership with OpenAI, Nvidia, Cisco, SoftBank, and Oracle, of course. ...

Oracle Corporation ORCL reported weaker-than-expected first-quarter results on Tuesday.Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48. Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year. CEO Catz teased significant revenue growth in the quarters ahead."MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredib ...

Core Insights - Oracle Corporation reported weaker-than-expected first-quarter results, with earnings of $1.47 per share, missing the analyst consensus estimate of $1.48 [1] - Quarterly revenue was $14.92 billion, falling short of the Street estimate of $15.03 billion, but showing an increase from $13.3 billion in the same period last year [1] - CEO Catz indicated significant revenue growth is expected in upcoming quarters [1] Revenue Growth and Market Performance - MultiCloud database revenue from Amazon, Google, and Microsoft grew at an extraordinary rate of 1,529% in the first quarter, with expectations for substantial growth in the coming years as Oracle delivers an additional 37 datacenters to its Hyperscaler partners, totaling 71 [2] - Following the earnings announcement, Oracle shares jumped 29.6% to $312.96 in pre-market trading [2] Analyst Ratings and Price Targets - Piper Sandler analyst Brent Bracelin maintained an Overweight rating and raised the price target from $270 to $330 [5] - Wolfe Research analyst Alex Zukin maintained an Outperform rating and increased the price target from $300 to $400 [5] - DA Davidson analyst Gil Luria maintained a Neutral rating and raised the price target from $220 to $300 [5] - Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $270 to $360 [5] - Evercore ISI Group analyst Kirk Materne maintained an Outperform rating and raised the price target from $270 to $340 [5]