Oracle has revealed a massive $638 billion backlog in AI infrastructure contracts, representing nearly a decade of revenue and signaling strong future growth. This backlog surged 363% last quarter with $67 billion in new AI deals, prompting management to forecast 34% revenue growth. However, fulfilling this demand requires a $70 billion capital investment, financed partly by $40 billion in debt and equity, which pressures short-term profits. Oracle's innovative approach shifts some costs to customers, aiming to manage risks while expanding rapidly. The key challenge now is execution to convert this backlog into actual revenue and profits.
Meta Platforms is developing a cloud business to monetize its excess AI computing capacity, potentially boosting near-term revenue by offering AI model access or raw compute power. Nike reported strong Q4 profits and sales but faces ongoing challenge...
Oracle introduced Oracle Manager Edge, an AI-powered coaching assistant within its Fusion Cloud Human Capital Management (HCM) platform. This tool provides managers with personalized, real-time guidance based on workforce data like feedback, goals, a...
Gold mining stocks like GDX, NEM, B, and HL are expected to rebound in July due to lower energy costs and gold being oversold. Meanwhile, major AI-focused tech companies such as MSFT, META, AMZN, and ORCL are under pressure from rising AI infrastruct...
Larry Ellison's net worth fell by over $100 billion due to a nearly 41% decline in Oracle's stock since early June, dropping him from the world's second-richest to seventh-richest person. Meanwhile, Meta's stock rose 2.6%, boosting Mark Zuckerberg's ...
OpenAI's ChatGPT created a $1,000 stock portfolio for the second half of 2026, targeting companies benefiting from the AI infrastructure boom. The portfolio emphasizes AI infrastructure, cloud computing, semiconductors, and enterprise software, with ...
