Oracle Corporation reported better-than-expected Q3 FY26 earnings and raised its forward growth estimates, signaling a potential recovery after a significant stock decline. The company secured $30 billion in funding and $29 billion in prepaid customer contracts, reducing risks to its free cash flows amid its AI infrastructure expansion. Oracle's record $553 billion remaining performance obligations (RPO) and growing cloud partnerships enhance its revenue visibility and market position. Analysts see a 36% upside potential with minimal downside risks, maintaining a 'buy' rating on the stock.
Oracle is reaffirmed as a buy due to its strong AI-driven growth and accelerating cloud infrastructure revenue, which rose 93% year-over-year. The company expects $90 billion in revenue and $8.05 non-GAAP EPS for fiscal 2027, despite temporary margin...
Global equities rebounded in the second quarter driven by optimism around AI investments, with major tech companies planning to spend $1 trillion on AI by 2027. However, the market now expects near-perfect AI execution, leaving little room for error....
Several major companies including Boeing, Lockheed Martin, and Oracle are sponsoring Freedom 250, a Trump-aligned celebration of America's 250th birthday. The event offers high-dollar donors VIP access to President Trump, sparking concerns from watch...
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 managemen...
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...
