Latest news with #OracleCloudInfrastructure
India Today
2 days ago
- Business
- India Today
Nvidia overtakes Microsoft to become world's most valuable company
Nvidia has become the world's most valuable company, overtaking Microsoft, as the chipmaker's strong position in artificial intelligence (AI) continues to drive its market value. On Tuesday, Nvidia's shares rose by about 3.4%, taking the company's total market value to around $3.45 trillion. This was slightly higher than Microsoft's value of $3.44 is not the first time Nvidia has reached the top. The company had earlier taken the number one spot on 24 January this year but was later overtaken. Now, it has returned to the top position, thanks to rising demand for its AI chips and strong earnings recently reported its earnings for the first quarter ending April 27. The company posted revenue of $44.1 billion, which was 12% higher than the previous quarter and 69% higher compared to the same time last year. The results show strong demand for its chips, especially those used in AI and data with global concerns such as trade tariffs and strict rules, especially related to its H20 chip line, Nvidia's sales continue to grow. The company earned $4.6 billion in sales from H20 products alone during the first quarter of fiscal IN AI INFRASTRUCTURENvidia is not just making chips — it is also building the infrastructure that supports artificial intelligence. The company has shared plans to create up to half a trillion dollars' worth of AI systems in the next four years. These systems include AI supercomputers and large data April this year, reports said that Nvidia would begin making its AI supercomputers in the United States for the first time. The company has invested in producing its advanced Blackwell chips in Arizona. It is also building AI supercomputer facilities in Texas, with a manufacturing area of more than one million square has partnered with Foxconn for its Texas plant. This move is part of its wider goal to make more products closer to where they will be used, helping it avoid supply chain issues and possible trade AI PLANSIn May, Nvidia announced a new project called 'Stargate UAE'. This project aims to build the world's largest group of AI data centres outside the United States. The first part of this project will be set up in Abu Dhabi, is working with several large companies on this project, including OpenAI, Oracle, SoftBank Group, and Cisco. The goal is to help companies and governments outside the US access high-quality AI tools and AND TECH PARTNERSHIPSNvidia's growth is also supported by partnerships with other tech companies. In its latest earnings report, the company talked about its work with Google on AI research, including new projects in robotics and drug also announced that its Blackwell chip technology will be used by major cloud service providers such as Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure. This means more companies using these cloud platforms will now be able to use Nvidia's powerful AI chips for their services. advertisement
Yahoo
6 days ago
- Business
- Yahoo
Prediction: This Top Artificial Intelligence (AI) Cloud Stock Will Skyrocket in June
Oracle stock has been recovering nicely in recent weeks from its 2025 slump, and it could receive another shot in the arm from the release of its quarterly results in mid-June. The tech giant's growth is on track to accelerate in the current and upcoming fiscal years. Oracle's growth potential and valuation indicate that it could make investors richer over the next couple of years. 10 stocks we like better than Oracle › Following a difficult start to the year, Oracle (NYSE: ORCL) stock has been resurgent in recent weeks, rising nearly 35% since April 21 amid the broader recovery in technology stocks. Over the same period, the Nasdaq Composite index recorded an 22% gain. The database and cloud infrastructure provider is expected to table its fiscal 2025 fourth-quarter results in mid-June. That report could give its recent rally a nice boost. Oracle stock took a hit earlier this year after its fiscal Q3 results and fiscal Q4 guidance missed analysts' expectations. The company is expecting its top line to increase by 9% in fiscal Q4. Its overall revenue for fiscal 2025 is expected to grow by 8% to just over $57 billion. However, investors can expect a significant acceleration in Oracle's growth beginning in fiscal 2026 thanks to the terrific demand for the company's cloud infrastructure, which is being used by customers for both artificial intelligence (AI) training and inference. Oracle claims that its cloud infrastructure is faster and cheaper than rivals, and the high-speed networking capability of that infrastructure makes the company's platform ideal for tackling AI workloads. This explains why the demand for Oracle Cloud Infrastructure (OCI) is "dramatically" exceeding supply, according to CEO Safra Catz. Although the company has just a 3% market share in the global cloud market, the company is touting its 51% growth in OCI revenue in fiscal Q3, which Catz points out was "a much higher growth rate than any of our hyperscaler competitors." As a result, the company has been investing aggressively to boost its cloud infrastructure capacity so that it can meet the increasing demand for AI workloads from existing customers, while also catering to the new customers that are migrating to its platform in hopes of increasing its market share. In March, management said it expected Oracle's capital expenditures for fiscal 2025 would be about $16 billion, more than double its capex in fiscal 2024. That massive increase is justified by the rate at which Oracle is signing new cloud contracts. The company's remaining performance obligation -- the total value of contracts it has signed, but has yet to fulfill -- increased an impressive 63% year over year to $130 billion at the end of Q3. What's worth noting is that Oracle's remaining performance obligation increased by 53% and 50%, respectively, in the first two quarters of the fiscal year. So, the adoption of its cloud platform increased at a solid pace, and its massive revenue pipeline justifies the aggressive capacity investments it's making. The good part is that Oracle's remaining performance obligation doesn't yet include any contracts from the Stargate project, the $500 billion AI infrastructure venture led by OpenAI and SoftBank. In March, Oracle Chairman Larry Ellison said that spending on the Stargate project would boost the company's remaining performance obligation even higher in the next few quarters. There is a good chance that the contracts Ellison was predicting could start materializing when the company releases its next set of results next month. The company reportedly placed orders for $40 billion worth of Nvidia's AI graphics cards for a Stargate data center in Texas. Additionally, Oracle is set to develop an AI data center in the United Arab Emirates as part of the Stargate project. Given that OpenAI is considering the deployment of AI data centers in 16 U.S. states under Stargate, and that Oracle is a "key initial technology partner" in the project, it won't be surprising to see Oracle's revenue pipeline improving further. All of this helps explain why Oracle has forecast that its revenue will increase by 15% in the new fiscal year, followed by an increase of 20% in the 2027 fiscal year. Moreover, the company believes that the component delays slowing down its cloud capacity expansion will ease in the current quarter, which could allow it to deliver better-than-expected guidance and send the stock even higher. Though Oracle stock rallied in recent weeks, it is still trading at an attractive 23 times forward earnings. That's lower than the tech-heavy Nasdaq-100 index's forward earnings multiple of 27.5. We have already seen that Oracle is expecting much stronger top-line growth over the next couple of fiscal years. That's expected to translate into stronger earnings growth as well compared to the 8% projected increase in its bottom line in fiscal 2025 to $6 per share. If Oracle's annual earnings do reach $8.18 per share after a couple of years and it trades in line with the Nasdaq-100 index's current forward earnings multiple at that time, its stock price could hit $225. That would be a 39% jump from today's levels. However, this AI stock could end up delivering much stronger gains since it has the potential for even stronger earnings growth, which could lead the market to reward it with a richer valuation. That's why it may be a good idea to invest in Oracle stock now, while it's still trading at attractive levels. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Oracle. The Motley Fool has a disclosure policy. Prediction: This Top Artificial Intelligence (AI) Cloud Stock Will Skyrocket in June was originally published by The Motley Fool
Yahoo
6 days ago
- Business
- Yahoo
Prediction: This Top Artificial Intelligence (AI) Cloud Stock Will Skyrocket in June
Oracle stock has been recovering nicely in recent weeks from its 2025 slump, and it could receive another shot in the arm from the release of its quarterly results in mid-June. The tech giant's growth is on track to accelerate in the current and upcoming fiscal years. Oracle's growth potential and valuation indicate that it could make investors richer over the next couple of years. 10 stocks we like better than Oracle › Following a difficult start to the year, Oracle (NYSE: ORCL) stock has been resurgent in recent weeks, rising nearly 35% since April 21 amid the broader recovery in technology stocks. Over the same period, the Nasdaq Composite index recorded an 22% gain. The database and cloud infrastructure provider is expected to table its fiscal 2025 fourth-quarter results in mid-June. That report could give its recent rally a nice boost. Oracle stock took a hit earlier this year after its fiscal Q3 results and fiscal Q4 guidance missed analysts' expectations. The company is expecting its top line to increase by 9% in fiscal Q4. Its overall revenue for fiscal 2025 is expected to grow by 8% to just over $57 billion. However, investors can expect a significant acceleration in Oracle's growth beginning in fiscal 2026 thanks to the terrific demand for the company's cloud infrastructure, which is being used by customers for both artificial intelligence (AI) training and inference. Oracle claims that its cloud infrastructure is faster and cheaper than rivals, and the high-speed networking capability of that infrastructure makes the company's platform ideal for tackling AI workloads. This explains why the demand for Oracle Cloud Infrastructure (OCI) is "dramatically" exceeding supply, according to CEO Safra Catz. Although the company has just a 3% market share in the global cloud market, the company is touting its 51% growth in OCI revenue in fiscal Q3, which Catz points out was "a much higher growth rate than any of our hyperscaler competitors." As a result, the company has been investing aggressively to boost its cloud infrastructure capacity so that it can meet the increasing demand for AI workloads from existing customers, while also catering to the new customers that are migrating to its platform in hopes of increasing its market share. In March, management said it expected Oracle's capital expenditures for fiscal 2025 would be about $16 billion, more than double its capex in fiscal 2024. That massive increase is justified by the rate at which Oracle is signing new cloud contracts. The company's remaining performance obligation -- the total value of contracts it has signed, but has yet to fulfill -- increased an impressive 63% year over year to $130 billion at the end of Q3. What's worth noting is that Oracle's remaining performance obligation increased by 53% and 50%, respectively, in the first two quarters of the fiscal year. So, the adoption of its cloud platform increased at a solid pace, and its massive revenue pipeline justifies the aggressive capacity investments it's making. The good part is that Oracle's remaining performance obligation doesn't yet include any contracts from the Stargate project, the $500 billion AI infrastructure venture led by OpenAI and SoftBank. In March, Oracle Chairman Larry Ellison said that spending on the Stargate project would boost the company's remaining performance obligation even higher in the next few quarters. There is a good chance that the contracts Ellison was predicting could start materializing when the company releases its next set of results next month. The company reportedly placed orders for $40 billion worth of Nvidia's AI graphics cards for a Stargate data center in Texas. Additionally, Oracle is set to develop an AI data center in the United Arab Emirates as part of the Stargate project. Given that OpenAI is considering the deployment of AI data centers in 16 U.S. states under Stargate, and that Oracle is a "key initial technology partner" in the project, it won't be surprising to see Oracle's revenue pipeline improving further. All of this helps explain why Oracle has forecast that its revenue will increase by 15% in the new fiscal year, followed by an increase of 20% in the 2027 fiscal year. Moreover, the company believes that the component delays slowing down its cloud capacity expansion will ease in the current quarter, which could allow it to deliver better-than-expected guidance and send the stock even higher. Though Oracle stock rallied in recent weeks, it is still trading at an attractive 23 times forward earnings. That's lower than the tech-heavy Nasdaq-100 index's forward earnings multiple of 27.5. We have already seen that Oracle is expecting much stronger top-line growth over the next couple of fiscal years. That's expected to translate into stronger earnings growth as well compared to the 8% projected increase in its bottom line in fiscal 2025 to $6 per share. If Oracle's annual earnings do reach $8.18 per share after a couple of years and it trades in line with the Nasdaq-100 index's current forward earnings multiple at that time, its stock price could hit $225. That would be a 39% jump from today's levels. However, this AI stock could end up delivering much stronger gains since it has the potential for even stronger earnings growth, which could lead the market to reward it with a richer valuation. That's why it may be a good idea to invest in Oracle stock now, while it's still trading at attractive levels. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Oracle. The Motley Fool has a disclosure policy. Prediction: This Top Artificial Intelligence (AI) Cloud Stock Will Skyrocket in June was originally published by The Motley Fool
Techday NZ
21-05-2025
- Business
- Techday NZ
Red Hat & Oracle expand hybrid cloud capabilities on OCI
Red Hat and Oracle have announced an expanded collaboration focused on expanding hybrid cloud capabilities, including the general availability of Red Hat OpenShift on Oracle Cloud Infrastructure (OCI) and enhanced interoperability with Oracle applications and services. The partnership enables customers to access a more consistent, cloud-native foundation by extending Red Hat Enterprise Linux and Red Hat OpenShift support across more Oracle deployment options, including government, sovereign and distributed cloud environments. Red Hat and Oracle highlighted the rising importance of hybrid cloud adoption, referencing a Gartner prediction that "90% of organizations will adopt a hybrid cloud approach through 2027, and the most urgent GenAI challenge necessary to address over the next year will be data synchronization across the hybrid cloud environment." The companies stated: "This makes the seamless availability of critical software across hybrid cloud environments a paramount need." The expanded support covers a range of security-sensitive and regulated computing environments. Red Hat Enterprise Linux and Red Hat OpenShift now provide validated configurations for OCI, making them available for high-security government clouds and sovereign deployments that must comply with regional mandates. Red Hat OpenShift is now certified to run on OCI Roving Edge Infrastructure, Oracle Compute Cloud@Customer, and Oracle Private Cloud Appliance. This extends OpenShift's presence to a wider array of Oracle's cloud offerings. OCI customers can now operate Red Hat Enterprise Linux on both OCI Dedicated Region Cloud and Oracle Alloy. These services enable delivery of OCI's portfolio of over 200 artificial intelligence and cloud services within a customer's own datacentres. Oracle Alloy also allows customers to act as cloud providers by reselling OCI services to their end users. Additionally, Red Hat OpenShift now supports OCI Compute bare metal instances equipped with NVIDIA A100 and H100 GPUs. This capability increases the available options for organisations engaged in artificial intelligence and machine learning workload development, providing high-performance model training and inference facilities. Oracle has also started validating key Oracle applications and software—including Oracle WebLogic Server—to run as containers on Red Hat OpenShift. This initiative aims to create a jointly supported customer experience designed to unlock the potential of Oracle software running on the scalability and flexibility of Red Hat OpenShift, both on premises and in the cloud. The Oracle Cloud Scale Monetization portfolio, which includes a billing and revenue management suite, is now validated for Red Hat OpenShift. This is expected to provide communications service providers with greater infrastructure flexibility by enabling deployment of business support systems on OpenShift. Oracle Database, including Oracle Real Application Clusters (RAC), remains certified on Red Hat Enterprise Linux. Red Hat has also launched a validation project focused on Red Hat OpenShift Virtualization, supporting organisations that wish to deploy Oracle Database on OpenShift. Red Hat stated that it would review supported and common on-premises configurations, and offer guidance for deploying Oracle Database—including Oracle RAC where applicable—on OpenShift Virtualization.
Business Wire
20-05-2025
- Business
- Business Wire
Red Hat and Oracle Extend Collaboration to Accelerate Hybrid Cloud Transformation
BOSTON - RED HAT SUMMIT--(BUSINESS WIRE)--Red Hat, the world's leading provider of open source solutions, and Oracle today announced an expanded collaboration to break down barriers to hybrid cloud adoption. This latest joint effort delivers a more consistent, cloud-native foundation that is critical for next-generation workloads including AI by bringing Red Hat Enterprise Linux and Red Hat OpenShift support to more deployment options on Oracle Cloud Infrastructure (OCI), including government, sovereign, and distributed cloud services. Red Hat and Oracle extend collaboration across new Oracle Cloud deployments, Oracle software on Red Hat OpenShift. Share According to Gartner®: 'Gartner predicts that 90% of organizations will adopt a hybrid cloud approach through 2027, and the most urgent GenAI challenge necessary to address over the next year will be data synchronization across the hybrid cloud environment.' 1 This makes the seamless availability of critical software across hybrid cloud environments a paramount need. Red Hat and Oracle are proactively meeting this need by strengthening their support and validation for the foundational technologies that will help empower IT teams both today and in the AI-driven future. Red Hat hybrid cloud enhancements for Oracle Cloud Infrastructure Red Hat Enterprise Linux and Red Hat OpenShift on OCI now offer a comprehensive range of validated configurations. This extends their reach into even the most sensitive and regulated computing environments, including high-security government clouds and sovereign deployments adhering to specific regional mandates. The expanded choice in OCI options for Red Hat OpenShift follows similar growth for Red Hat Enterprise Linux on OCI. Red Hat OpenShift is now certified to run on OCI Roving Edge Infrastructure, Oracle Compute Cloud@Customer and Oracle Private Cloud Appliance. Additionally, OCI customers can now use Red Hat Enterprise Linux on both OCI Dedicated Region Cloud and Oracle Alloy. Both environments deliver OCI's 200+ AI and cloud services in a customer's own datacenters. With Oracle Alloy, customers can become cloud providers by reselling OCI services to their end users. As part of the companies' continued collaboration, Red Hat OpenShift AI is now supported on OCI, expanding the choices available to organizations building and scaling AI-powered applications. This support has been specifically validated on OCI's NVIDIA A100 and H100 GPU shapes, enabling high-performance model training and inference for demanding AI/ML workloads. Oracle software: Now validated for Red Hat OpenShift Oracle is now actively validating key applications and software, including Oracle WebLogic Server, to run seamlessly on Red Hat OpenShift containers. This commitment delivers a jointly supported, premium customer experience that empowers users to harness the full potential of Oracle software on the flexibility, scalability and power of Red Hat OpenShift running on premises or in the cloud. In addition, the newly validated Oracle Cloud Scale Monetization portfolio on Red Hat OpenShift offers a significant advantage to communications service providers (CSPs). By deploying this pre-integrated billing and revenue management portfolio on Red Hat OpenShift, CSPs can gain greater infrastructure flexibility for comprehensive, unified business support systems. Red Hat and Oracle Database: Continuing the collaboration Oracle Database, including Oracle Real Application Clusters (RAC), remains certified on Red Hat Enterprise Linux. In addition, Red Hat has initiated a validation effort for Red Hat OpenShift Virtualization to better support Oracle Database customers on this evolving platform. As part of this initiative, Red Hat will review supported and commonly used on-premises configurations and provide guidance on how to deploy Oracle Database, including Oracle RAC where applicable, on OpenShift Virtualization. Red Hat Summit Join the Red Hat Summit keynotes to hear the latest from Red Hat executives, customers and partners: Modernized infrastructure meets enterprise-ready AI — Tuesday, May 20, 8-10 a.m. EDT (YouTube) Hybrid cloud evolves to deliver enterprise innovation YouTube) Meet the Oracle team at Booth #332 at Red Hat Summit 2025 Additional Resources Connect with Red Hat About Red Hat Red Hat is the open hybrid cloud technology leader, delivering a trusted, consistent and comprehensive foundation for transformative IT innovation and AI applications. Its portfolio of cloud, developer, AI, Linux, automation and application platform technologies enables any application, anywhere—from the datacenter to the edge. As the world's leading provider of enterprise open source software solutions, Red Hat invests in open ecosystems and communities to solve tomorrow's IT challenges. Collaborating with partners and customers, Red Hat helps them build, connect, automate, secure and manage their IT environments, supported by consulting services and award-winning training and certification offerings. Forward-Looking Statements Except for the historical information and discussions contained herein, statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially. Any forward-looking statement in this press release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Red Hat, Red Hat Enterprise Linux, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries. 1 Gartner Press Release, Gartner Forecasts Worldwide Public Cloud End-User Spending to Total $723 Billion in 2025, November 19, 2024 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Expand
