ORCL Stock Recent News

Oracle plans to open a cloud region in Malaysia, including 150+ infrastructure and SaaS services, to help boost the country's digital economy and drive AI-fueled innovation   Organizations across Malaysia can accelerate AI innovation with Oracle Cloud Infrastructure's high performance and built-in security, powerful data, and distributed cloud capabilities Upcoming cloud region to extend OCI's footprint in Asia Pacific to 12 public cloud regions AUSTIN, Texas and KUALA LUMPUR, Malaysia , Oct. 1, 2024  /PRNewswire/ -- To meet the rapidly growing demand for its artificial intelligence (AI) and cloud services in Malaysia, Oracle today announced plans to invest more than US$6.5 billion to open a public cloud region in the country. The upcoming cloud region will enable Oracle customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI).

Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

With Oracle stock surging, an analyst sees a big opportunity for the company in its partnerships with Azure, AWS and Google.

Nvidia stock trades 14% below its all-time high as some investors worry about a possible slowdown in its business. Billionaire Larry Ellison while discussing Oracle earlier this month, made comments that should please Nvidia investors.

New integrations extend the value of CommunityWorks with AI, data exchange, and patient accounting capabilities AUSTIN, Texas , Sept. 24, 2024 /PRNewswire/ -- Hospitals across the U.S. continue to choose Oracle Health CommunityWorks, an integrated electronic health record (EHR) that supports the clinical, financial, and operational needs of smaller hospital operations in acute and ambulatory settings.

Oracle Corp's ORCL stock has been on fire, up a whopping 20% in September alone, riding the wave of the company's bold AI and cloud infrastructure moves.

Oracle's NYSE: ORCL stock has had a great two weeks and an impressive overall return in 2024. Shares are up 20% since Sept.

Could Oracle (ORCL) be this year's next big AI-fueled hypergrowth story?

Oracle's 1Q FY2025 earnings exceeded revenue and non-GAAP EPS estimates, with the company also providing a strong 2Q outlook driven by robust cloud demand and backlog growth. Its total RPO grew 53% YoY in 1Q FY2025, with 38% of current RPO, indicating a multi-year growth acceleration in revenue. The company is expected to achieve double-digit revenue growth in FY2025, indicating that its revenue growth momentum is accelerating.

Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's 'Halftime Report' to explain why he's trimming these two tech names.