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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
Shares of Oracle (NYSE:ORCL) rose about 13% to a 52-week high of $199 on Thursday after posting stronger-than-expected earnings and revenue for its fiscal fourth quarter. Wall Street analysts ...
Oracle's shares jumped nearly 8% after the company raised its revenue forecast driven by strong demand for AI cloud services.
Oracle revised its annual revenue forecast upward to at least $67 billion for fiscal year 2026. This implies a 16.7% year-on-year growth, compared to its earlier projection of 15%.
Larry Ellison's net worth surged by $26 billion, elevating him to the world's second-richest person with $243 billion, surpassing Jeff Bezos and Mark Zuckerberg. The steep rise in his net worth came ...
Artificial Intelligence (AI) is expected to contribute over $96 billion to the UAE's GDP by 2031, with annual growth projected between 2 ...
Driven by Oracle's positive earnings report after the market close the previous day, AI-related stocks generally rose. Oracle ...
Nvidia CEO Jensen Huang said he isn't confident that the U.S. will change its mind on chip export restrictions anytime soon.
Meta stock was slightly lower Friday on its plan to invest $14.9 billion in Scale AI. Scale AI's CEO is joining Meta.
(Reuters) -Weighed down by tariffs and geopolitical uncertainty, dealmaking has slowed to a crawl across most industries ...