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Google to power LA28 with cloud infrastructure, AI tools
Reuters· 2025-10-08 22:27
Google will serve as the official cloud provider of the Los Angeles 2028 Olympic and Paralympic Games and has joined LA28 as a founding partner, organisers said on Wednesday, in a deal that also exten... ...
Oracle stock slips 5% on report company is seeing thin cloud margins from Nvidia chips
CNBC· 2025-10-07 16:06
Core Insights - The Stargate AI data center project is a collaboration between OpenAI, Oracle, and SoftBank, with support from President Donald Trump, aimed at building AI infrastructure in the US [1] - Oracle's stock fell by 5% following concerns about its plans to purchase billions of Nvidia chips for cloud services [1] - Oracle's gross margins in its Nvidia cloud business were reported at 14% on $900 million in sales, significantly lower than its overall gross margin of around 70% [2] - The high costs of Nvidia chips and aggressive pricing for AI chip rentals may pose profitability challenges for Oracle as it transitions into a key player in the cloud and AI sectors [2] - Oracle reported a 359% increase in its backlog of cloud contracts year-over-year, forecasting $144 billion in cloud infrastructure revenue by 2030, up from over $10 billion in 2025 [3] - A significant portion of the projected revenue is attributed to Oracle's involvement in the Stargate project, which includes the establishment of five large data centers equipped with Nvidia AI chips [3]
ClearBridge Large Cap Growth Strategy Q3 2025 Commentary
Seeking Alpha· 2025-10-06 14:50
Richard Drury/DigitalVision via Getty Images By Erica Furfaro & Margaret Vitrano Market and Performance Overview Equities surged in the third quarter, continuing their post-Liberation Day rebound, with the S&P 500 Index up 8.1% and tech-heavy Nasdaq Composite rising 11.2% to record highs. Investor optimism was fueled by better-than-feared tariff outcomes, the passing of the One Big Beautiful Bill Act in July, anticipated interest rate cuts — the Federal Reserve cut 25 bps cut in September and signaled f ...
Do You Believe in the Upward Trajectory of Oracle (ORCL)?
Yahoo Finance· 2025-10-06 13:59
Core Insights - ClearBridge Investments reported strong equity performance in Q3 2025, with the S&P 500 Index rising 8.1% and the Nasdaq Composite increasing 11.2% to record highs, driven by favorable economic conditions and strong corporate earnings, particularly in technology [1] - The ClearBridge Large Cap Growth Strategy underperformed the benchmark due to underexposure to perceived AI winners and holding stocks considered AI losers [1] Company Highlights - Oracle Corporation (NYSE:ORCL) showed a one-month return of 22.91% and a 52-week gain of 67.47%, closing at $286.14 per share with a market capitalization of $815.726 billion on October 3, 2025 [2] - The ClearBridge strategy initiated new positions in Oracle and other infrastructure software providers, highlighting Oracle's successful expansion into cloud infrastructure for generative AI workloads, which is expected to increase its market share and profitability [3] - Despite Oracle's potential, it is not among the 30 most popular stocks among hedge funds, although hedge fund interest increased from 97 to 124 portfolios in the last quarter [4]
OpenAI's Deal Machine Is in Overdrive—From CoreWeave To UiPath And Walmart
Benzinga· 2025-10-02 17:54
Core Partnerships - OpenAI's partnership with CoreWeave has expanded significantly, reflecting the high demand for compute power driven by AI adoption, with total agreements valued at approximately $22.4 billion [2][3]. - The initial agreement for computing power was signed for $11.9 billion, followed by a $4 billion agreement in May, and a further $6.5 billion deal at the end of September [2][3]. Strategic Collaborations - OpenAI and UiPath have formed a strategic partnership to integrate OpenAI's advanced AI models into UiPath's automation platform, enhancing enterprise solutions [4]. - This collaboration includes a specialized ChatGPT connector, facilitating the development and deployment of agentic automation for businesses [4]. Retail Sector Engagement - Walmart has announced a collaboration with OpenAI to implement a comprehensive AI skills program for its 2.1 million employees starting in 2026, focusing on skill-based advancement [5][6]. - The initiative aims to adapt Walmart's hiring and training processes to better align with AI-driven tools, showcasing the retailer's proactive approach to change [6]. Overall Impact - OpenAI's rapid expansion of partnerships across various sectors is driving innovation and business growth for both OpenAI and its partners [7].
Jefferies Keeps Buy Rating on Oracle (ORCL) After Leadership Changes
Yahoo Finance· 2025-09-26 04:07
Oracle Corporation (NYSE:ORCL) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 22, Jefferies reaffirmed its Buy rating on Oracle Corporation (NYSE:ORCL) with a price target of $360. This decision came after Oracle Corporation (NYSE:ORCL) announced that Clay Magouyrk and Mike Sicilia were promoted to co-CEOs. Safra Catz, who has served as the company’s CEO since 2014, was named Executive Vice Chair of the Board of Directors. Jefferies Keeps Buy Rating on Oracle (ORCL) After Leade ...
Oracle Raises $18 Billion in Second-Biggest Bond Sale This Year
Yahoo Finance· 2025-09-24 19:19
Oracle Corp. sold $18 billion US investment-grade bonds on Wednesday, the market’s second-largest deal this year, as the software maker ramps up its spending to meet the needs of the artificial intelligence boom. Demand peaked at nearly $88 billion, according to a person with knowledge of the matter. Most Read from Bloomberg The technology giant — which has nearly doubled in value this year — is issuing debt in six parts, including a rare 40-year bond, people familiar with the matter said, asking not to ...
Alibaba stock soars on AI spending plans, strategist talks AI-driven market bubble risks
Youtube· 2025-09-24 14:23
Market Overview - US stock futures are rebounding after a sell-off, with major averages still near record highs, particularly the S&P 500, which has not dropped by at least 2% in 107 sessions, the longest stretch since July 2024 [1][2] - Tech stocks, which experienced significant selling, are seeing a rebound driven by renewed optimism in AI, particularly following positive earnings from Micron [2][6] Company Highlights - Micron reported fiscal fourth-quarter revenue of $11.3 billion, exceeding expectations, and adjusted earnings of $3.3, also above forecasts. The CEO indicated that trillions of dollars will be invested in AI, with a significant portion allocated to memory products [15][16] - Alibaba's stock surged to a four-year high after announcing plans to increase AI spending beyond an initial target of $50 billion and a partnership with Nvidia to develop AI infrastructure. The stock rose over 9% following the announcement [3][9][10] Industry Trends - The AI sector is experiencing fluctuating sentiment, with investors oscillating between excitement and skepticism. Recent developments from companies like Alibaba and Micron are contributing to renewed optimism [8][29] - Asian stocks are trading near four-year highs, with the Hang Seng and Shanghai Composite indices showing significant gains, indicating a strong performance in the region [12][13] Federal Reserve Insights - Fed Chair Jerome Powell indicated that equities are highly valued, contributing to a slight market pullback. However, there is optimism regarding potential interest rate cuts later this year [7][20] - Fed Governor Michelle Bowman expressed concerns about the labor market's fragility and suggested that the Fed may need to adjust policy more aggressively if conditions worsen [22][23]
Oracle looks to raise $18 billion in debt
Yahoo Finance· 2025-09-24 13:06
Group 1 - Oracle aims to raise $18 billion in debt to invest in cloud infrastructure to meet increasing AI demand [1][2] - The company is ramping up spending to fulfill cloud infrastructure contracts with clients like OpenAI, which is expected to significantly increase its capital expenditure [1] - The debt will be sold in six parts, with proceeds potentially used for general corporate purposes, including stock repurchases, debt repayment, and acquisitions [2]
China Stocks Rally After Alibaba Ramps Up AI Push
Barrons· 2025-09-24 10:48
LIVE S&P 500 Set to Open Up With Market Recovering From Selloff Last Updated: 1 hour ago China Stocks Rally After Alibaba Ramps Up AI Push By George Glover Large-cap Chinese stocks racked up gains on Wednesday after online retailer Alibaba said it would pour even more money into artificial intelligence. The mainland CSI 300 index closed 1% higher, and Hong Kong's Hang Seng ended the day up 1.4%. Customer Service Customer Center Network The Wall Street Journal Cryptocurrencies Data Magazine Markets Stock Pic ...