US stock futures gained as investors monitored escalating US-Iran tensions and awaited key economic data including May's producer price index and weekly jobless claims. Despite regional instability from military strikes and airspace closures, major indices like Nasdaq 100 and S&P 500 showed gains. Market expectations lean towards the Federal Reserve holding interest rates steady in June. Key stocks in focus include Oracle, CoreWeave, Visa, and Adobe, with mixed performance and strategic developments such as Visa's AI partnership. Analysts remain cautiously optimistic, highlighting AI-driven earnings growth but noting persistent inflation and macroeconomic challenges ahead.
Oracle Corporation reported strong growth in its Oracle Cloud Infrastructure (OCI) segment and beat earnings per share expectations. However, the company's investment case is shifting from software to capital-intensive AI infrastructure, leading to i...
Oracle reported record quarterly revenue of $19.2 billion, beating estimates with a 21% year-over-year increase and strong cloud infrastructure growth of 93%. However, the company's flat revenue guidance of $90 billion for fiscal 2027 disappointed in...
Oracle Corporation reported a strong Q4 with revenue up 21% and EPS up 24%, surpassing analyst expectations. The growth was primarily fueled by its cloud infrastructure segment, which saw revenue rise over 90% year-over-year and performance obligatio...
Oracle reported strong Q4 results with revenue up 21% to $19.2 billion and adjusted EPS of $2.11, driven by a 93% surge in Oracle Cloud Infrastructure revenue. Despite beating estimates, shares fell nearly 9% after the company announced plans to rais...
The cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at over 100 organizations, mainly universities, stealing sensitive data including student home addresses, phone numbers, emails, and birth dates. PeopleSoft software m...
