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The Latest Breaking News from Oracle

Musk's Title Of Richest Person Challenged By Oracle's Ellison

Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant is poised for massive AI riches.

International Business Times

Oracle's Exceptional Backlog Confirms Its Role As Key AI Enabler: Analyst

Oracle (NYSE:ORCL) shares jumped after the company reported first-quarter results, driven by stronger-than-expected growth in its cloud and AI infrastructure business and a record backlog of multi-billion-dollar contracts, highlighting its expanding role in the rapidly growing AI market.

Benzinga

GM, Pilot And EVgo Lead Rollout of 200 Highway Fast-Charging Sites

EVgo Inc. (NASDAQ:EVGO) traded steady on Wednesday after Pilot Company and General Motors Co. (NYSE:GM) said their joint highway fast-charging buildout has surpassed 200 locations across nearly 40 states.

Benzinga

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Larry Ellison Topples Elon Musk To Become World's Richest As Oracle Stock Explodes To Record Highs

Thanks to a soaring price for Oracle Corporation (NYSE:ORCL) stock on Wednesday, there's a new richest person in the world. While Oracle missed its first-quarter estimates from analysts, the company's guidance has Wall Street taking notice.

Benzinga

If You Invested $1,000 In Oracle Stock At IPO, Here's How Much You'd Have Today

Shares of software company Oracle Corporation (NYSE:ORCL) hit new all-time highs on Wednesday after the company reported first-quarter financial results and future guidance.

Benzinga

AMD Stock Is Surging Wednesday: What's Going On?

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Wednesday, reacting to Oracle’s first-quarter financial results. While Oracle narrowly missed Wall Street’s earnings and revenue estimates, its stock soared due to an overwhelmingly positive outlook for its cloud division, creating a ripple effect for key partners like AMD.

Benzinga

Elon Musk briefly loses world’s richest man title in new ranking

Stock in one of Musk's biggest holdings, Tesla, has dropped 14 per cent so far this year

The Independent UK

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AI Stocks Rally, Oracle Rockets On Best Day Since 1992: What's Moving Markets Wednesday?

AI-linked stocks rallied Wednesday, fueled by investor optimism that artificial intelligence will power earnings growth after Oracle Corp. (NYSE:ORCL) revealed a massive backlog of AI-related orders.

Benzinga

Stock Of The Day – How To Trade A Reversal In Oracle

Shares of Oracle Corporation (NASDAQ:ORCL) are trading significantly higher Wednesday. This comes after the company said that it won several billion-dollar contracts in the past quarter.

Benzinga

FTSE 100 closes lower as geopolitical issues worry investors

Nato fighter jets shot down Russian drones over Polish airspace for the first time.

Evening Standard

What's Going On With Palo Alto Networks Stock Wednesday?

Palo Alto Networks Inc (NASDAQ:PANW) shares are trading marginally higher Wednesday morning as investors potentially see a favorable read-through from Oracle Corp’s blockbuster earnings report. While Oracle missed quarterly estimates, its stock soared over 30% on the back of a stunning forecast for its cloud business.

Benzinga

Larry Ellison briefly overtakes Elon Musk as world’s richest person

Oracle co-founder’s shares rose by 40% in early trading, briefly valuing his fortune at $393bn, just ahead of Musk’s $384bn

The Guardian - UK

Is Oracle Heading to $410? And Should You Keep Holding ORCL Stock Here?

Oracle’s RPO soared to $455 billion, representing a 359% increase from last year and a $317 billion jump from just the prior quarter.

Barchart

S&P 500 Climbs to a Record High on Fed Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.45%. September E-mini S&P futures (ESU25 ) are up +0.44%, and September E-mini Nasdaq futures...

Barchart

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Fortune

Larry Ellison surpasses Elon Musk as world's richest person after Oracle's stock gives him a $101 billion net worth boost

Musk held the title of world’s richest person for 300 days.

Benzinga

Oracle Stock Rockets On $455 Billion Revenue Pipeline: Here's What Wall Street Is Buzzing About

Oracle Corp. (NASDAQ:ORCL) rocketed higher on Wednesday after the company released its first-quarter earnings report Tuesday afternoon.

Benzinga

What's Going On With Nvidia Stock Wednesday?

Nvidia (NASDAQ:NVDA) and its semiconductor peers gained on Wednesday after Oracle’s (NYSE:ORCL) upbeat quarterly results and strong cloud guidance signaled surging artificial intelligence infrastructure demand that could boost graphics processing unit sales.

Benzinga

Cramer Flags Oracle Rally As 'Strange,' Says Nvidia And AMD Aren't Getting Any Love

Oracle Corp. (NYSE:ORCL) may be one of Wall Street's hottest AI bets, but CNBC's Jim Cramer says something isn't adding up. Despite Oracle's stock strength, chipmakers that would logically benefit from the company's data center growth, like Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD), are barely moving.

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Barchart

Stocks Supported as US Producer Prices Ease and Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. September E-mini S&P futures (ESU25 ) are up +0.46%, and September E-mini Nasdaq futures...

MarketBeat

Oracle Has Spoken: AI Changes Everything

Oracle is on track to rise above $400 as AI and hyperscaler data center demand drive a ballooning RPO and revenue growth outlook.

Benzinga

These Analysts Boost Their Forecasts On Oracle After Q1 Results

Oracle Corporation (NYSE:ORCL) reported weaker-than-expected first-quarter results on Tuesday.

Barchart

Stock Index Futures Gain on Oracle Boost Ahead of Key U.S. PPI Data

September S&P 500 E-Mini futures (ESU25) are up +0.25%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.15% this morning as a blowout outlook from Oracle buoyed sentiment, while investors geared up for crucial U.S. producer inflation data.

Benzinga

Stock Market Today: Dow Futures Slip, Nasdaq Rises As Producer Prices Edge Down 0.1% In August— Chewy, GameStop, Oracle In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Benzinga

Why Oracle Shares Are Trading Higher By Around 30%; Here Are 20 Stocks Moving Premarket

Shares of Oracle Corporation (NYSE:ORCL) rose sharply in pre-market trading after the company reported first-quarter results.

Benzinga

Jim Cramer Says Oracle's $455 Billion Backlog Is Because Of Stargate Project: 'Who Else Would Be Placing Those Orders'

CNBC’s Jim Cramer is attributing Oracle Corp.‘s (NYSE:ORCL) monumental $455 billion backlog to the ‘Stargate’ AI infrastructure project, questioning the 359% surge in the pipeline on a social media post.

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