Oracle, AI and Cloud Momentum
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The global cloud computing market is experiencing significant growth, projected to expand from USD 766 billion in 2025 to USD 3.50 trillion by 2035, with a CAGR of 14.623%. This expansion is driven by advancements in hybrid cloud,
Oracle shares soared to a record high Thursday, a day after the company projected “dramatically higher" revenue growth in its current fiscal year.
Oracle is set to deploy an AI cluster with up to 131,072 of AMD's new MI355X GPUs. The company has also made its Nvidia GB200 NVL72 supercluster available, signed a new customer partnership with Seekr, and is joining Nvidia's DGX Cloud Lepton platform.
We learned a few interesting things from Oracle’s earnings report today. First, CEO Safra Catz dropped the news that Stargate, the splashy, $500 billion joint venture between Oracle, SoftBank and OpenAI to build artificial intelligence data centers,
Larry Ellison, the co-founder and chairman of Oracle Corporation (NASDAQ: ORCL), has surpassed Jeff Bezos and Mark Zuckerberg to become the second-richest person in the world.
U.S. equities were mixed and little changed at midday as a second inflation report this week came in lower than anticipated.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Enterprise cloud giant, Oracle Corp., highlighted its strategic edge in the intensifying global AI race, something that allows it to successfully compete against the giants of this space.