In the world of aggressive growth stocks, two companies are currently on the radar screen. American Superconductor (AMSC) is a Zacks Rank #1 with strong growth potential, despite a past false breakthrough. With recent momentum and consecutive profitable quarters, AMSC is projected to see revenue growth of 9% this year and 13% in the next … Read more
According to a report from Morgan Stanley, Oracle could potentially face a financial hit ranging from $370 million to $1.3 billion if the proposed ban on TikTok in the United States were to go through. The investment firm’s analysis suggests that Oracle’s potential revenue from hosting TikTok’s data and operations in the US could be … Read more
ByteDance, the China-based owner of TikTok, is facing potential consequences from the US ban on the popular social media platform. Oracle, who provides hosting services for TikTok, has warned that the ban could impact its revenue and profits. The US Senate passed a bill in April requiring ByteDance to transfer its US operations or face … Read more
Nvidia (NVDA) has shown signs of profit-taking, indicating a potential slowdown in the tech sector. This could lead to bearish trading opportunities, with focus on a bearish trade on the Invesco QQQ Trust, an ETF tracking the Nasdaq 100 index. After reaching a record high, QQQ is facing resistance at $486. Fibonacci retracements suggest a … Read more
Google has revealed the potential costs and consequences of allowing third-party app stores like the Epic Games Store to operate within the Google Play Store. The integration process would take 12 to 18 months and cost between $60 and $137 million to develop and maintain the necessary technical infrastructure. Breaking down the costs, Google estimates … 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 has issued a warning about the potential consequences of a TikTok ban on its operations and revenue. The tech giant provides infrastructure and cloud services to TikTok, which has a large user base of between 100 and 50 million users in the US. While specific financial details of Oracle’s relationship with TikTok have not … Read more
Morgan Stanley warned Oracle (NYSE: ORCL) of potential financial risks ranging from $370 million to $1.3 billion due to a law that could ban TikTok in the US if it does not divest from its Chinese parent company, ByteDance (BDNCE). Oracle, a major cloud infrastructure provider for TikTok, could see a hit to its revenue … 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
Goldman Sachs analysts recently evaluated the American IT services sector in a report, examining eight companies and noting promising opportunities in IBM and Globant. The analysts acknowledged current challenges in the sector, such as macroeconomic pressures and a shift towards AI-focused spending, but they believe that fears about AI replacing IT services are exaggerated. Instead, … Read more