KEY TAKEAWAYSOracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029.Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results.Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of ...

While Nvidia Corp and Meta Platforms Inc META have dominated the headlines with their AI advancements, Oracle Corp ORCL is making a quiet but impressive climb.The cloud and database giant has been one of the best performers in large-cap tech this year, trailing Nvidia, yet ahead of Meta. Oracle's recent earnings report sent its stock surging 11%, adding to the 49% gain for 2023. While Nvidia's AI dominance remains a major talking point, Oracle's stealthy cloud growth is starting to win over investors.Oracle ...

The database company has staged a comeback.Once considered the after-ran of the cloud computing industry behind the big three players in the industry, Oracle (ORCL 2.67%) showed with its fiscal first-quarter results that it, too, is benefiting from the boom in artificial intelligence (AI) spending.Let's take a close look at the company's most recent results and how it is benefiting from AI.Cloud revenue leads the wayOracle's overall fiscal Q1 revenue rose 7% to $13.3 billion, but it was the 21% jump in clou ...

Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023.Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at lea ...

Despite its age and prominence, the company is on the move, and investors are pleased about that.Investors gazing into their crystal balls this morning would have seen Oracle (ORCL 2.67%) stock rising by almost 3% across Thursday's trading session. The busy database specialist held a meeting with financial analysts that morning in which it discussed a host of news items, and clearly those prognosticators liked what they heard. One went so far as to publish a fresh research note on the company reiterating hi ...

krblokhinAMZN stock: previous thesis and new developments I last wrote on Amazon stock (NASDAQ:AMZN) a bit more than a month ago, shortly after the release of its Q2 earnings report (“ER”). As you can see from the screenshot below, that article was titled "Amazon Q2: Be Greedy When Others Are Fearful”. As the title already gave away, the article was a review of its ER and argued for a buy rating amid the selloff following its ER. Quote: The market's fear over a potential AI bubble certainly has good rea ...

25 September 2023, Bavaria, Munich: The logo of the software and hardware manufacturer Oracle can be ... [+] seen at the German headquarters. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesIf you are an investor in database and cloud computing major Oracle and have benefited from the stock’s 11% jump on Tuesday following better-than-expected Q1 FY’25 earnings, it may be time to look elsewhere. As of this moment, we find that Fiserv - a finan ...

Oracle's Larry Ellison doesn't see an AI slowdown, so why should you?AI semiconductor stocks have taken a big dip from their July highs. But is the drop an opportunity, or is there an AI bubble deflating?AI skeptics abound over the technology's ultimate usefulness, or whether the strong spending can continue if there is a slowdown in the economy.However, the one place you won't find evidence of an AI slowdown is in the earnings calls and commentary from technology executives themselves. This week, Oracle (O ...

Phillip Faraone Investment Thesis Oracle Corporation's (NYSE:ORCL) strong fiscal Q1 earnings performance this week shows the company is in an incredible position to ride the AI wave, as they are becoming core to the AI ecosystem (very much the vendor or record). In the traditional database market, they are already the vendor of record. Now this is the case in AI. As of the time of writing, Oracle stock is up roughly 11% following their strong performance​. I have been concerned with the momentum around AI, ...

Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.Larry Ellison turned 80 last month. It's been a celebratory year.While fellow legacy tech players Intel and Cisco struggle to find their footing in a world driven increasingly by the promise of artificial intelligence, Oracle has emerged as a Wall Street darling.Following a better-than-expected earnings report after the close on Monday, the stock popped 1 ...