Oracle, cloud buildup
Digest more
Oracle rises
Digest more
Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. The funds will support expansion of its Oracle Cloud Infrastructure (OCI) to deliver on massive contracted demand for AI and cloud capacity from key customers including Advanced
Oracle stock still looks like a "Buy" with an intrinsic value of $220 and AI-driven cloud growth. Here's what investors need to know.
Oracle stock rose on Monday after the tech giant said it plans to raise up to $50 billion this year to fund its ambitious bet on AI and cloud computing.
Oracle shares were higher on Monday after the company disclosed plans to raise between $45 billion and $50 billion in funding.
The US Department of Defense (DoD) has announced the receipt of a task order by Oracle America for the Air Force's Cloud One programme.
Oracle is overhauling the licensing for its Cloud VMware Solution, shifting to a 'bring-your-own' model that requires customers to purchase their VMware software subscriptions directly from Broadcom.
Investors piled into Oracle’s latest $25bn bond offering on Monday after the software company pledged to preserve its investment-grade credit rating by keeping its debt load in check amid growing concern over AI spending.