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The Latest Breaking News from Oracle

Not just Larry Ellison got a huge payday this week—Oracle’s CEO is worth over $3.4 billion after stock surge

Not just Larry Ellison got a huge payday this week—Oracle’s CEO is worth over $3.4 billion after the company's stock surged by over 30%.

Fortune

Oracle's $300 billion deal with OpenAI briefly knocked Elon Musk off the world's richest person spot, replaced instead by the company's head honcho, Larry Ellison

Spare any change, guv?

PC Gamer

OpenAI signs contract to buy $300 billion worth of Oracle computing power over the next five years — company needs 4.5 gigawatts of power, enough to power four million homes

OpenAI and Oracle have signed one of the largest technology deals in history, worth $300 billion. Over five years starting in 2027, Oracle will provide OpenAI with over 4.5 gigawatts worth of computing power to help power ChatGPT and other AI products and services.

Tom’s Hardware

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Famed Short Seller Jim Chanos Targets Oracle For Old 'Accounting Issues,' Says ORCL's $300 Billion Deal Backlog With OpenAI Doesn't Begin Till 2027

Famed short-seller Jim Chanos has publicly questioned the quality of Oracle Corp.'s (NYSE:ORCL) massive new backlog, arguing a cornerstone $300 billion deal with OpenAI is risky, years away from starting, and reminiscent of the company’s past accounting controversies.

Benzinga

OpenAI Locks In $300 Billion Cloud Deal With Oracle

Oracle is in the headlines today, as the company has signed a massive deal with AI giant OpenAI. According to the report from the Wall Street Journal,

Geekflare

Larry owes Jensen, big time.

Most of Oracle's surging revenue is coming from a $300 billion deal with OpenAI. Plus: Tucker Carlson grills OpenAI's Sam Altman, Klarna's IPO pops, and Microsoft goes back to the office.

Fortune

Stocks Rise Before the Open With Key U.S. Inflation Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.16%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.15% this morning as investors refrain from making any big bets ahead of key U.S. inflation data that is expected to shape expectations for the Federal Reserve’s interest rate path this year.

Barchart

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What's Going On With Oracle Stock Thursday?

OpenAI struck a five-year deal with Oracle (NYSE:ORCL) to purchase $300 billion of computing power. The contract reflects continued artificial intelligence frenzy, even as concerns of a bubble mount.

Benzinga

SoftBank Rockets 10% On Tokyo Exchange As Oracle's $455 Billion AI Stargate Deals Spark Investor Frenzy

SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) shares jumped 9.98% to 17,905 JPY ($121.14) on Thursday’s Tokyo trading session, building on massive year-to-date gains of 93.90% as investors bet on the company’s role in Oracle Corp.‘s (NASDAQ:ORCL) record-breaking artificial intelligence infrastructure deals.

Benzinga

Elon Musk briefly lost the 'world's richest person' title to Oracle's Larry Ellison

Oracle's shares soared over 40% on Wednesday before slipping slightly, boosting co-founder Larry Ellison's fortune beyond the Tesla CEO's wealth for a few hours.

Euronews

Larry Ellison: Oracle co-founder who overtook Musk as world’s richest person

Tycoon who briefly surpassed Elon Musk is a friend of Trump, owner of Hawaiian island and father of man who took over CBS

The Guardian - US

Asian shares are mostly up after US stocks inch to more records as inflation slows and Oracle soars

Asian shares are mostly higher, buoyed by gains of tech-related stocks after Wall Street inched to more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the AI boom

The Independent UK

FTSE 100 Live 11 September: Trainline shares surge, John Lewis loss widens

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Evening Standard

Oracle Surges In After-Hours Trading After Popping 36%, Larry Ellison Briefly Becomes Richest Person

Oracle Corp. (NYSE:ORCL) shares are trending on Thursday.

Benzinga

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Benzinga

AI's New Cloud King: Oracle's Rally Could Rewrite ETF Playbooks

Oracle Corp’s (NYSE:ORCL) shares soared over 40% on Wednesday, a day after posting its earnings powered by booming demand for AI infrastructure, pushing CEO Larry Ellison ahead of Tesla Inc (NASDAQ:TSLA) scion Elon Musk as the world’s wealthiest individual.

Barchart

Stocks Supported as Easing Price Pressures Reinforce Fed Rate Cut Hopes

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.04%. September E-mini S&P futures (ESU25 ) rose +0.28%, and September E-mini Nasdaq futures...

Kiplinger

S&P 500 Hits New High After Oracle Earnings: Stock Market Today

Another down day for Apple held the Dow Jones Industrial Average back, though.

Benzinga

CoreWeave Stock Ignites, Fueled By Venture Fund And AI Cloud Frenzy

CoreWeave, Inc. (NASDAQ:CRWV) shares climbed Wednesday alongside other AI-related names after Oracle issued bullish cloud infrastructure guidance with its Q1 earnings report.

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Benzinga

Options Corner: Cisco Just Flashed A Rare Signal That Risks Arousing Bearish Traders

As a networking giant, Cisco Systems Inc (NASDAQ:CSCO) essentially provides the default plumbing of the internet and enterprise IT. By connecting data centers, branch offices and telecom networks, it plays a critical role in the broader dissemination of information. At the same time, competitive pressures are rising, thus raising questions…

International Business Times

Musk's Title Of Richest Person Challenged By Oracle's Ellison

Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant is poised for massive AI riches.

Benzinga

Oracle's Exceptional Backlog Confirms Its Role As Key AI Enabler: Analyst

Oracle (NYSE:ORCL) shares jumped after the company reported first-quarter results, driven by stronger-than-expected growth in its cloud and AI infrastructure business and a record backlog of multi-billion-dollar contracts, highlighting its expanding role in the rapidly growing AI market.

Benzinga

GM, Pilot And EVgo Lead Rollout of 200 Highway Fast-Charging Sites

EVgo Inc. (NASDAQ:EVGO) traded steady on Wednesday after Pilot Company and General Motors Co. (NYSE:GM) said their joint highway fast-charging buildout has surpassed 200 locations across nearly 40 states.

Benzinga

Larry Ellison Topples Elon Musk To Become World's Richest As Oracle Stock Explodes To Record Highs

Thanks to a soaring price for Oracle Corporation (NYSE:ORCL) stock on Wednesday, there's a new richest person in the world. While Oracle missed its first-quarter estimates from analysts, the company's guidance has Wall Street taking notice.

Benzinga

If You Invested $1,000 In Oracle Stock At IPO, Here's How Much You'd Have Today

Shares of software company Oracle Corporation (NYSE:ORCL) hit new all-time highs on Wednesday after the company reported first-quarter financial results and future guidance.

Benzinga

AMD Stock Is Surging Wednesday: What's Going On?

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Wednesday, reacting to Oracle’s first-quarter financial results. While Oracle narrowly missed Wall Street’s earnings and revenue estimates, its stock soared due to an overwhelmingly positive outlook for its cloud division, creating a ripple effect for key partners like AMD.

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