Oracle sees AI boom through at least 2027, sending shares up 8%

Oracle on Tuesday predicted that the AI data ​center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading.

Could Oracle Be a Millionaire-Maker Stock?

Oracle is betting heavily on AI data centers. The company's business has become alarmingly overexposed to one major client: ...

Oracle’s $50-billion AI bet forces it to cut thousands of jobs

Some of the cuts will be aimed at job categories that the company expects it will need less of due to AI, two of the people ...
Morningstar

Oracle: Strong Generative AI Demand Supports Data Center Buildout

Oracle ORCL shares rose more than 10% on Feb. 9, posting its biggest daily gain since last September, after a sell-side competitor issued a more favorable rating. Despite the rally, Oracle stock was ...
Investopedia

Oracle Is Raising Billions to Fund Its AI Buildout. Today, Investors Are Cheering

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
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Oracle Hit With Patent Suit by Developer Over 5G Network Tech

A company founded by two inventors sued Oracle Corp., accusing its 4G and 5G wireless products of infringing a trio of patents. The ‘508 and ‘417 patents concern “methods for proactive allocation of ...
Network World

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...
blockchain

Oracle Ramps Up AI Data Center Push With $50B CapEx Plan

Oracle outlines 2026 AI infrastructure expansion across Texas, New Mexico, Wisconsin, and Michigan with commitments to local power and hiring. Oracle is doubling down on AI infrastructure with an ...
MLive

DTE accepts conditions of contracts to power OpenAI, Oracle data center south of Ann Arbor

This story has been updated with more information. SALINE TWP., MI — DTE Energy Co. has accepted all the conditions that the Michigan Public Service Commission (MPSC) outlined in its conditional ...
Becker's Hospital Review

Oracle Health data breach ensnares AdventHealth

Altamonte Springs, Fla.-based AdventHealth has been affected by a 2025 hack of Cerner, now known as Oracle Health. The 50-plus hospital system started notifying impacted patients in December, after ...
Bloomberg L.P.

Oracle and OpenAI Win Michigan Approval to Power New Data Center

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members ...
MLive

Oracle might have different backer for OpenAI data center after major investor backs out

SALINE TWP., MI — Reports have surfaced that funding for a controversial hyperscale data center project in a rural Michigan community near Ann Arbor is up in the air. But a Big Tech giant and its ...