The Latest Breaking News from Oracle

Dow Jones Futures Fall: Nvidia stock and Tesla led the stock market rebound Monday. AI giant Oracle surged on strong earnings results late.

Oracle stock jumped after it reported a Q1 earnings beat and revealed plans to partner with cloud-services rival Amazon.

Oracle is looking to build on a strong 2024 when it publishes earnings and hosts a customer conference next week.

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Oracle recently outperformed the Dow, and Wall Street analysts are moderately optimistic about the stock’s prospects.

Elon Musk remained No. 1 but the volatile value of tech stocks led more than half of the billionaires to trade places for a second consecutive month.

Although there are only 15 centibillionaires, their combined wealth is around $2.3 trillion, according to the Bloomberg Billionaires Index.

Microsoft and Oracle have been leaders in developing market-leading AI software.

Organizations linked to Bill Ackman, Larry Ellison, and Sean Combs (a.k.a. Diddy) were mentioned in the filing.