Tech companies are cutting thousands of jobs as AI reshapes the industry, with layoffs reaching near-record highs. Oracle cut 21,000 jobs, Microsoft 4,800, and Cisco 4,000, reflecting a shift from labor to AI-driven automation and infrastructure investment. This trend shows AI reducing workforce needs either directly or by reallocating capital, though some layoffs may be framed as AI transformations for investor appeal. The key for investors is whether these labor cuts lead to sustainable growth or just cost-cutting.
Larry Ellison, co-founder of Oracle, pledged shares of Tesla and SpaceX as collateral to borrow funds for his son David Ellison's acquisition of Warner Bros. Discovery. The pledged shares include a significant portion of Ellison's Oracle holdings, wh...
Oracle's cloud backlog has surged past $664 billion, with cloud revenue now making up 60% of total sales, reflecting strong growth. However, the company reported a negative free cash flow of $5.4 billion last quarter and expects high capital expendit...
Shares of AI cloud providers Nebius and CoreWeave rose about 3% after Elon Musk called concerns about AI infrastructure overcapacity "ridiculous" during SpaceX's Q3 2026 earnings call. Musk emphasized strong demand for compute capacity, noting SpaceX...
TD Cowen analyst Michael Elias suggests Nvidia might be supporting Oracle's financing for its AI data centers by providing credit guarantees or subleasing data center buildings, helping Oracle secure lender funding despite its cash flow challenges an...
Southwest General hospital in Ohio is expanding its use of Oracle Health and Oracle Fusion Cloud Applications to integrate clinical, financial, and operational data. This move aims to streamline workflows, reduce manual tasks, and enhance patient car...
