You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Katherine Li Every time Katherine publishes a story, you’ll get an alert straight to your inbox ...
Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than $30 billion off co-founder Larry Ellison’s fortune. The Texas-based ...
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Samuel O'Brient Every time Samuel publishes a story, you’ll get an alert straight to your inbox ...
Oracle's stock experienced a significant drop after reporting quarterly results that missed revenue expectations, largely due to substantial spending on data centers for AI customers like OpenAI. The ...
After five decades of selling enterprise software, Oracle ORCL6.63%increase; green up pointing triangle has amassed a lot of very large customers. But never before has the company’s fate hinged so ...
Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth and big rise in spending Business live – latest updates Oracle’s shares tumbled 15% on Thursday in ...
RUNNING A GIANT software business used to be fun. Sure, coming up with a great product was a grind. But once you had one that customers could not live without—be it Microsoft Office, Amazon.com, ...
Oracle ORCL-5.40%decrease; red down pointing triangle is facing mounting anxiety from investors about how much it’s spending to build out data centers for the artificial-intelligence industry. The ...
Oracle’s credit default swaps hit a three-year high in November, surging toward the 2008 record as borrowing costs to insure against company default spike. The tech giant borrowed more than $56 ...
Most U.S. stocks are rising, but a drop for Oracle is holding Wall Street back as investors question whether its big spending on artificial-intelligence technology will pay off NEW YORK -- Most U.S.
Shares in the technology company are down as investors grow anxious that its bet on artificial intelligence, and OpenAI in particular, may not pay off. By Andrew Ross Sorkin Bernhard Warner Sarah ...
Oracle's debt is rising as cash flies out the door to fund AI data centers. The company already has a debt-heavy balance sheet, and it will need to borrow more to fund its AI infrastructure contracts.