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.
Meta Platforms is issuing a new class of non-voting shares to fund its heavy AI-related capital expenditures, indicating financial pressure and potential dilution for current shareholders. The company's shrinking free cash flow and capital spending n...
Oracle is aggressively funding its AI cloud infrastructure growth by selling stock, increasing debt, and relying on customer prepayments, aiming to compete with Microsoft’s cash-rich expansion. Oracle’s cloud infrastructure revenue surged 121%, drive...
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...
