Oracle’s stock fell nearly 8% after missing earnings estimates and issuing weaker guidance. Oracle’s cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue. Oracle’s stock surged 80% this year, boosting its market value to over $500 billion. Oracle fell nearly 8% in extended trading after it reported…
• CPI inflation, producer prices, and the last batch of earnings will be in focus this week. • Oracle’s accelerating cloud business and bullish market sentiment make it a top pick to buy this week. • AutoZone faces near-term challenges that warrant caution, making it a stock to sell this week. • Looking for more…
Microsoft (MSFT) reported its fiscal first quarter earnings after the bell on Wednesday, beating on the top and bottom lines on the strength of its cloud business. Microsoft stock was up about 2% in after-hours trading following the release. Microsoft is one of the biggest beneficiaries of the AI boom, thanks to the billions it…
Shares of Oracle (NYSE: ORCL) have been in red-hot form on the stock market in 2024, rising 56% as of this writing. Investors have been buying shares of this database software provider hand over fist thanks to its improving credentials in the artificial intelligence (AI) market. The company’s recent results have been solid, and Oracle…