Larry Ellison, Oracle's controlling shareholder, canceled a planned $7.5 billion stock sale, signaling his confidence in the company's future amid strong AI cloud growth. The cancellation removes selling pressure as Oracle's stock had fallen about 16-18% since the plan was set. Oracle reported strong Q1 fiscal 2027 results, with revenue up 29.6% and cloud infrastructure revenue doubling year-over-year. Despite near-term cash flow challenges, Ellison's decision to hold shares signals optimism about Oracle's AI cloud pipeline and upcoming product launches, including an AI accelerator in October.
Wednesday's market selloff hit AI stocks unevenly, with companies relying heavily on debt, such as CoreWeave and Nebius, experiencing the steepest declines. Oracle, despite carrying more debt than its peers and having a credit rating just above junk,...
DTE Energy has secured significant data center agreements with Oracle and Google, positioning it for strong earnings growth amid rising power demand. The company has 2.4 gigawatts of signed deals and potential for several more, supporting a price tar...
Oracle's stock fell nearly 9% following a sharp selloff in CoreWeave's bonds, which raised fears about the cost of debt financing for AI infrastructure. Oracle has a massive $664 billion backlog tied to AI cloud capacity, but rising borrowing costs a...
Bloom Energy shares fell even after Oracle named it the primary power source for a large AI campus, reflecting concerns over the stock's high valuation and market volatility. The company’s shares have surged 142.5% year-to-date, but trade at very hig...
Shares of CoreWeave dropped 16% and its bond yields surged as investors grew concerned about heavy borrowing by tech firms for AI projects. The yield on CoreWeave's 2032 bond hit nearly 15%, signaling increased risk perception. Other tech companies l...
