The stock market saw Oracle shares closing in the red after a seven-day winning streak. The tech company had been performing well but faced a slight dip in its stock value recently. This change comes after a period of growth for Oracle, which had seen its stock price increase steadily over the past week. Investors … Read more
Oracle (NYSE:ORCL) stocks closed lower on Tuesday, marking the end of a seven-day winning streak that saw the tech giant’s shares rise by 3.5%. The stock closed down 3.01% at $140.67, coming closer to its 52-week high of $145.79. Over the past 12 months, Oracle’s shares have gained 22.98% in value. In July, Oracle closed … Read more
Organizations struggle to operate data centers sustainably due to over-provisioning, disabling efficient modes, and low utilization. HPE aims to educate customers on using products efficiently to reduce energy consumption. Regulations, industry collaboration, and user input are key to driving sustainable practices without unintended consequences. Liquid cooling is becoming essential for AI workloads, with demand driving … Read more
Oracle recently revealed in its annual report that a potential ban on TikTok in the United States could have a negative impact on its business. As a provider of cloud infrastructure services for TikTok, which has over 150 million users in the US, Oracle could see a decline in revenue and profits if it is … Read more
Cloud giant Oracle has expressed concerns about a potential ban on TikTok in the United States and how it could impact the company’s financial performance. In its annual report to the SEC, Oracle stated that being unable to provide services to TikTok, along with the inability to redeploy that capacity promptly, could negatively affect its … Read more
Oracle (NYSE:ORCL) has cautioned investors that a potential law banning the popular social media app TikTok in the US could have an adverse impact on its profits. In April, President Biden signed a bill that would ban TikTok in the US unless it severs ties with its China-based parent company, ByteDance (BDNCE), and finds a … Read more
Crypto venture capitalist Andrew Kang made comparisons between Ethereum and tech stocks, noting similarities in price action between the current market and May 2021. Kang highlighted that both periods saw bullish momentum lasting around 9 to 10 months, but cautioned that extreme corrections could still occur over a several months’ time horizon. Expressing skepticism about … Read more
CEOs of major companies including Oracle Corp. and Palantir Technologies recently met with senators on Capitol Hill to advocate for US support of Israel during its invasion of Gaza. At the same time, they sought assistance in freeing hostages held by Hamas. However, Oracle faces potential financial setbacks if a ban is imposed on TikTok … Read more
Stock market indices posted mixed results today, with the S&P 500 closing lower as tech giant Nvidia saw a significant drop in its stock price. The S&P 500, a widely watched benchmark for the overall market, ended the day in negative territory as investors reacted to news of Nvidia’s plunge. The technology sector, which has … Read more
NVIDIA’s growth is driven by the high demand for AI chips, making it the most valuable company globally. The company is now planning to design server racks for its upcoming flagship GB200 AI chips, challenging server designers like Dell, HPE, and Supermicro. While these server makers have benefitted from increased sales of Nvidia chips, the … Read more