Oracle, plans to raise
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Oracle Corporation (NYSE:ORCL) is one of the 10 AI Stocks Analysts Are Watching. On February 2, UBS analyst Karl Keirstead lowered the price target on the stock to $250.00 (from $280.00) while maintaining a Buy rating.
The software giant wants to expand its cloud infrastructure, even as its stock trails and investor concerns deepen.
Over the past decade, Oracle stock (NYSE: ORCL) has emerged as a premier capital-return engine, distributing a remarkable $158 billion to
As discussions between Nvidia and OpenAI strain, Oracle has assured its partners that financing for the Port Washington data center is "on schedule."
The tech giant has invested huge sums in the AI infrastructure buildout in recent times.
As of Friday, Oracle shares had dropped more than 50% from last year's high, but were once again rising by Monday morning.
The capital injection aims to satisfy surging cloud demand from heavyweight clients including OpenAI, Meta, Nvidia, AMD, TikTok, and xAI.
Oracle's statement "chips away at hyperscaler supply risks," Bank of America said, so why did the stock start trading down on Monday? OpenAI played a part.
Oracle (NYSE:ORCL) announced on Friday that it expects to raise $45 billion to $50 billion in cash this year through a balanced mix of debt and equity financing. The funds will support expansion of its Oracle Cloud Infrastructure (OCI) to deliver on massive contracted demand for AI and cloud capacity from key customers including Advanced
Nvidia and OpenAI are looking to balance a difficult relationship but reports of a breach should be taken with a grain of salt.