Oracle Shares Surge on AI Cloud Demand
This news highlights the growing importance of AI cloud services in Oracle's revenue growth strategy, potentially setting a trend for other tech companies.
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Oracle Shares Surge on AI Cloud Demand
Oracle's shares surged in premarket trading after reporting a 30% revenue growth in its fiscal first quarter. The company's strong demand for its cloud services and rapid data center expansion were…
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Oracle says AI will accelerate SaaS deployments, not replace applications
Oracle’s co‑CEO Mike Sicilia told investors on the Q1 FY 2027 earnings call that artificial intelligence will act as an accelerator for the company’s packaged applications, not a substitute. He said…
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Top Stocks Perform Amid Market Downturn
Since the last CNBC Investing Club Monthly Meeting, stocks have moved lower due to inflation concerns and rising oil prices. The Nasdaq saw its worst performance, followed by the S&P 500 and Dow…
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Verdant warns AI data center boom will create far fewer UK jobs than techUK predicts
Verdant, a UK economic think‑tank, argues that the AI‑driven data‑center expansion will add far fewer permanent roles than the industry’s optimistic figures suggest. The group examined 20 planned…
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