logo
Stifel upgrades Oracle: Cap ex will convert to revenue in coming quarters

Stifel upgrades Oracle: Cap ex will convert to revenue in coming quarters

CNBC8 hours ago

Brad Reback, Stifel managing director, joins 'Power Lunch' to discuss Reback's thoughts on Oracle's stock, if it's not too late to invest in the company and much more.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

$30 Billion Oracle Deal Could Secretly Boost Tesla's AI Power Play
$30 Billion Oracle Deal Could Secretly Boost Tesla's AI Power Play

Yahoo

time4 hours ago

  • Yahoo

$30 Billion Oracle Deal Could Secretly Boost Tesla's AI Power Play

Oracle (NYSE:ORCL) just signed a blockbuster cloud deal worth up to $30 billion a year with G42, the Abu Dhabi-based AI firm with growing global reach. The agreement, spread across multiple years, is focused on building AI-optimized cloud data centers, particularly in the U.S., where demand for training large AI models is exploding. G42 will become one of Oracle's largest customersand potentially one of its most strategicby anchoring core workloads on Oracle Cloud Infrastructure (OCI), with the goal of scaling generative AI, LLMs, and other compute-heavy use cases. Warning! GuruFocus has detected 10 Warning Signs with ORCL. Here's where it gets interesting: G42 is already using Tesla (NASDAQ:TSLA)'s Dojo chips to train some of its advanced AI models. And as part of the new partnership, Oracle data centers will now be optimized to handle Dojo-based workloads for G42. This doesn't mean Tesla's selling its chips to Oracle directly. But it does open the door for deeper integration of Tesla's hardware stack into one of the fastest-scaling AI infrastructure deployments globallywithout Tesla having to build the data centers themselves. While Tesla hasn't commented on the arrangement, the ripple effects could be real. This setup could expand the reach of Tesla's custom compute hardware, helping validate the Dojo architecture beyond just internal FSD training. If Oracle and G42 deliver on their cloud scale-up, Tesla may quietly benefit from growing demand for its AI stackespecially as new use cases for vision, autonomy, and robotics take shape. Investors tracking Tesla's long-term AI optionality should keep an eye on how this plays out. This article first appeared on GuruFocus.

Oracle Stock Climbs on Multi-Billion Dollar Cloud Breakthrough
Oracle Stock Climbs on Multi-Billion Dollar Cloud Breakthrough

Yahoo

time5 hours ago

  • Yahoo

Oracle Stock Climbs on Multi-Billion Dollar Cloud Breakthrough

June 30 - Shares of Oracle (NYSE:ORCL) climbed more than 5% to an all-time high Monday after a regulatory filing revealed a cloud services agreement projected to bring in over $30 billion annually beginning in fiscal year 2028. Warning! GuruFocus has detected 10 Warning Signs with ORCL. The filing, submitted to the U.S. Securities and Exchange Commission, indicated that CEO Safra Catz is expected to highlight the deal during a company-wide meeting later in the day. While details about the client or contract length were not disclosed, the filing emphasized the scale and future revenue impact of the agreement. Catz noted in prepared remarks that Oracle is starting fiscal 2026 on strong footing, citing continued momentum in its MultiCloud database business, which is growing at a rate of more than 100% year-over-year. The large-scale agreement is one of several signed in recent months, but it is not expected to impact current fiscal guidance. Oracle has gained more than 33% year to date, boosted by demand for cloud infrastructure and artificial intelligence technologies. The company recently launched major AI initiatives, including its Stargate project with OpenAI and SoftBank, and a separate collaboration with IBM (NYSE:IBM). The new deal reinforces Oracle's long-term growth trajectory as it deepens its footprint in cloud services. This article first appeared on GuruFocus.

How Major US Stock Indexes Fared June 30
How Major US Stock Indexes Fared June 30

Epoch Times

time5 hours ago

  • Epoch Times

How Major US Stock Indexes Fared June 30

The U.S. stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5 percent Monday in its first trading after completing a stunning rebound from its springtime sell-off of roughly 20 percent. The Dow Jones Industrial Average added 0.6 percent, and the Nasdaq composite gained 0.5 percent. Oracle helped lead the way after saying it's off to a strong start in its fiscal year. Banks were also solid in their first trading after the Federal Reserve said they're financially strong enough to survive a downturn in the economy. Treasury yields eased in the bond market. On Monday: The S&P 500 rose 31.88 points, or 0.5 percent, to 6,204.95. The Dow Jones Industrial Average rose 275.50 points, or 0.6 percent, to 44,094.77. The Nasdaq composite rose 96.27 points, or 0.5 percent, to 20,369.73. The Russell 2000 index of smaller companies rose 2.51 points, or 0.1 percent, to 2,175.04. For the year: The S&P 500 is up 323.32 points, or 5.5 percent. The Dow is up 1,550.55 points, or 3.6 percent. The Nasdaq is up 1,058.94 points, or 5.5 percent. The Russell 2000 is down 55.12 points, or 2.5 percent. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store