: Larry Ellison, the co-founder and largest shareholder of Oracle Corporation, is on the verge of overtaking Tesla CEO Elon Musk as the world’s richest person today after Oracle’s stock surged in premarket trading on Wednesday. Oracle Stock Surges Over 32% on Ambitious AI Cloud Revenue ForecastThe software giant’s stock rose more than 32% in premarket trading after the firm revealed its ambitious forecast that its AI-driven cloud revenue could reach $144 billion by fiscal year 2030, a huge jump from its cu ...

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 ...

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 ...

The USD is little changed vs the major currencies with the EUR, JPY, GBP , CHF and CAD all within 0.10% of the unchanged level to start the US session. The AUD is the biggest mover with a 0.30% gain vs the USD and the NZD is higher by 0.19%. The markets are stymied by the fear of increased war tension (and its implications) with Israel's bombing Hamas senior officials in Qatar (not warmly received by the international community), and Russia's provocation with Poland that led to Poland shooting down Russian ...

Synopsys, Inc. SNPS posted weaker-than-expected results for its third quarter after Tuesday’s closing bell.Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion for the third quarter of fiscal year 2024.“Q3 was a transformational quarter. Against a challenging geo-political backdrop, we closed the Ansys acquisition – expanding o ...

Synopsys, Inc. SNPS posted weaker-than-expected results for its third quarter after Tuesday’s closing bell.Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion for the third quarter of fiscal year 2024.“Q3 was a transformational quarter. Against a challenging geo-political backdrop, we closed the Ansys acquisition – expanding o ...

Core Insights - Oracle's stock price has significantly increased, reflecting its strong position in the AI industry [1] - The stock jumped by 28%, reaching a price of $310, which resulted in an addition of over $190 billion in market value [1] Company Performance - The substantial rise in Oracle's stock price indicates robust investor confidence and market performance [1] - The increase in value positions Oracle as one of the largest players in the AI sector [1]

U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Wednesday.Shares of Synopsys, Inc. SNPS fell sharply in pre-market trading after the company posted weaker-than-expected results for its third quarter after Tuesday's closing bell.Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion fo ...

Brown Advisory, an investment management company, released its “Brown Advisory Large-Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Brown Advisory Large-Cap Growth strategy has shown resilience this year amid heightened volatility, protecting investor capital during market declines and participating in the strong rebound since early April. The strategy returned 16% during the second quarter, slightly underperforming the benchmark, the Russell 1000® ...

Shares of Oracle (NYSE:ORCL) surged about 32% premarket on Wednesday after the company reported a massive surge in remaining performance obligations, which also saw positive reactions from analysts. Jefferies kept its Buy rating on Oracle and raised the price target ...