Oracle has announced plans to invest over $1 billion in AI and cloud computing services in Spain. This investment aims to open a third cloud region in Madrid, partnering with Telefónica Spain as the host. The new public cloud region will cater to various industries, including finance, helping them migrate to and benefit from Oracle … Read more
Oracle is planning to invest more than $1 billion in Spain over the next decade to strengthen its presence in the European cloud market. The investment will focus on constructing a third cloud region in Madrid, which will help boost AI skills development in Spain and position Oracle as a key player in the country’s … Read more
Oracle has revealed plans to invest over $1 billion in Spain over the next decade to strengthen its presence in the European cloud market. The investment will fund the construction of a third cloud region in Madrid and aims to enhance AI skills in Spain, positioning Oracle as a key player in the country’s digital … Read more
Oracle Corp (ORCL) recently released its 10K presentation for fiscal 2024, showcasing strong financial performance with notable growth in licensing and cloud revenue. The company’s total revenue increased to $52,961 million, reflecting its ability to maintain profitability in a competitive market. Oracle’s strategic investments in emerging technologies like AI and machine learning enhance its competitive … Read more
Oracle Autonomous Database is now available in Oracle@Azure Database, operating in Microsoft Azure East US region. This marks the second Oracle database service to run in Oracle Cloud Infrastructure (OCI) within Azure data centers. The Autonomous Database service allows for accelerated application innovation and development speed, offering customers the ability to migrate existing Oracle databases … Read more
In a recent list of stock recommendations to diversify away from big tech and AI stocks, Oracle Corporation (NYSE:ORCL) was ranked fourth, prompting further analysis. Venu Krishna, head of U.S. equity strategy at Barclays, shared a group of stocks to balance risks associated with market concentration in major tech companies. Krishna advocates diversification outside the … Read more
Kapitalo Investimentos Ltda decreased its stake in Oracle Co. by 48.3% in the fourth quarter, as reported in their recent disclosure to the Securities and Exchange Commission. The institutional investor sold 1,509 shares, resulting in their holdings being valued at $170,000. Several other hedge funds and institutional investors have made changes to their stakes in … Read more
Oracle Co. experienced a 1.7% increase in its stock price after Argus raised its price target from $145.00 to $159.00, while maintaining a Buy rating on the stock. The company traded at $144.10 and closed at $143.65 with 2,728,415 shares changing hands during midday trading. Other brokerage firms have also adjusted their ratings and price … Read more
Oracle Co. (ORCL) saw its stock price reach a new 52-week high after Argus raised its price target from $145.00 to $159.00 with a Buy rating. The stock traded as high as $143.95 and closed at $143.37. Other analysts also gave their feedback on ORCL, with ratings ranging from “overweight” to “buy.” Director Michael J. … Read more
Oracle Corporation (ORCL) has seen a significant increase in its stock price on the New York Stock Exchange, rising by more than 10% in recent months. This surge has brought the company closer to its yearly highs. While analysts typically cover large-cap stocks like Oracle, it is important to consider whether the stock is still … Read more