Tuesday, September 10, 2024

Oracle shares are up 34% since January, well outpacing the Nasdaq's 14% rise, as it becomes an attractive cloud-computing provider for AI developers (Tom Dotan/Wall Street Journal)

Tom Dotan / Wall Street Journal:
Oracle shares are up 34% since January, well outpacing the Nasdaq's 14% rise, as it becomes an attractive cloud-computing provider for AI developers  —  Long-stagnant stock is up 34% thanks to its neutral status in the booming market for AI computing power  —  Oracle missed the tech industry's move …



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...