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“The Stargate Project” Set to Invest $500 Billion in AI Infrastructure

OpenAI, Oracle, SoftBank, and MGX are joining forces to launch the largest AI initiative in US history. “The Stargate Project” officially received a green light from the White House, and it intends to invest $500 billion in building new artificial intelligence infrastructure in the...

Oracle Stock Jumps More Than 9% on 1Q Earnings Beat

Software giant Oracle saw its stock jump by more than 9% in after-hours trading on Monday after the company reported fiscal first-quarter earnings that beat the expectations of analysts. Oracle saw $1.39 in adjusted earnings per share, compared to an estimated $1.32. The analysts also...

J.P. Morgan Analysts Remain Bullish on Oracle Stock

J.P. Morgan believes Oracle Corp. stock is still a good bet as the company continues to expand its cloud business. In a note shared with clients earlier this week, analyst Mark Murphy kept its Buy rating on Oracle while setting a $93 per share...

Oracle Emerges as After-Hours Winner While Tesla Plunges

Tech stocks Oracle Corporation and First Solar, Inc. all emerged as major winners during after-hours trading on Monday night. Oracle gained 3% upon releasing its second-quarter financial results. The company reported a revenue of $12.28 billion; a year-over-year increase of 18%. This translates to adjusted...

Oracle Stock Surges After Positive Fourth-Quarter Results

Oracle Corporation saw its stock (ORCL) surge in extended trading on Monday after sharing positive fiscal fourth-quarter results that exceeded all expectations. ORCL traded at around $65 per share on Monday before closing at $71.86. It then saw a slight dip to around $70...