Latest news with #OracleCorp
Business Journals
22-05-2025
- Business
- Business Journals
VTA buys downtown San Jose building for more than $60M
The VTA now owns 488 South Almaden Blvd., which last sold for more than twice the price, at $155 million. The former owner, Menlo Park-based Lane Partners, bought the 380,000 square-foot building from Oracle Corp in 2021.
Yahoo
21-05-2025
- Business
- Yahoo
Larry Ellison Once Said, To Be 'The Next Steve Jobs,' You Need 'That Obsessive Compulsive Personality' Combined With 'Picasso's Aesthetic and Edison's Inventiveness'
Oracle Corp. (NYSE:ORCL) co-founder Larry Ellison, one of Apple Inc. (NASDAQ:AAPL) Co-founder Steve Jobs' closest friends, once listed the qualities one would need if they wanted to be like him. What Happened: Speaking to the Wall Street Journal after Jobs' passing, Ellison spoke about the depth of his immersion in the creative process, which he credited as the reason behind his success. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — invest early at $2.25/share. "You want to know you're like Steve Jobs? It's very simple," Ellison said. "You are unable to think about anything but these serious problems at work and you just—that's all you can do. And you obsess about it until you solve it. And then you move on to the next thing, and you obsess about that until you solve it. And then you obsess about this until you solve it." Ellison went on to explain how that mindset, combined with Jobs' rare gifts to create something singular. "That obsessive-compulsive personality combined with this peculiar genius of Steve's—if you have that kind of obsession combined with Picasso's aesthetic and Edison's inventiveness, then you are the next Steve Jobs." Why It Matters: Beyond Jobs' dedication, Ellison highlighted his complete disregard for typical success metrics like wealth or status. "Apple became the most valuable company on earth and it wasn't even one of Steve's goals," Ellison said. "He wasn't trying to be rich. He wasn't trying to be famous. He wasn't trying to be powerful. He was obsessed with the creative process and building something beautiful." Other major figures in tech and business have also described Jobs in a similar vein. For example, Microsoft Corp. (NASDAQ:MSFT) Co-founder Bill Gates called him a 'genius in a way you can't explain.' Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo courtesy: drserg / Send To MSN: Send to MSN Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Larry Ellison Once Said, To Be 'The Next Steve Jobs,' You Need 'That Obsessive Compulsive Personality' Combined With 'Picasso's Aesthetic and Edison's Inventiveness' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-04-2025
- Business
- Bloomberg
Tech CEOs Meet With Lawmakers for National Security Summit
Silicon Valley's growing influence in Washington will be on full display Wednesday as tech titans and venture capitalists gather with top US lawmakers for a summit focused on how cutting-edge technologies can bolster national security and American manufacturing. Nvidia Corp. Chief Executive Officer Jensen Huang, Oracle Corp. CEO Safra Catz and Alphabet Inc. President Ruth Porat are slated to speak at the Hill and Valley Forum, alongside a bipartisan group of US senators and representatives, including House Speaker Mike Johnson.
Bloomberg
09-04-2025
- Business
- Bloomberg
A Trade War Is a Funny Way to ‘Help' US AI Companies
The race to build artificial intelligence is supposedly a key priority for Donald Trump's administration, as emphasized by the president's enthusiasm when announcing the $500 billion 'Stargate' infrastructure project in January. 'I'm going to help a lot,' he said, flanked by Oracle Corp. chairman Larry Ellison and OpenAI co-founder Sam Altman. But Trump's 'Liberation Day' tariffs announcements sent a very different message. The news hammered Oracle's stock as the prospect of new duties loomed large over its ability to quickly build the data centers required for the AI revolution. Were OpenAI a public company, it would have likely experienced something similar; its demand for computing power is insatiable.
Yahoo
02-04-2025
- Business
- Yahoo
Is Oracle Corp. (ORCL) the Best Data Storage Stock to Invest in According to Analysts?
We recently published a list of . In this article, we are going to take a look at where Oracle Corp. (NYSE:ORCL) stands against other best data storage stocks to invest in according to analysts. Data storage is defined as the organized preservation of digital information, which is vital for today's computing and businesses. It ensures that data, which includes text, images, and videos, remains accessible and secure for future use. This involves storage systems that range from direct attached storage to cloud solutions. Each of these offers different levels of scalability and accessibility. Fortune Business Insights reported that the global data storage market was valued at $218.33 billion in 2024. It's projected to reach $774.00 billion by 2032 at a 17.2% CAGR. This growth is expected to be driven by the increasing need for data storage solutions due to the rise of big data. The data storage industry is undergoing a transformation that is primarily driven by the explosive growth of AI workloads. As the global data volume surges towards a projected 181 zettabytes by 2025, AI demands high levels of storage capacity and performance, according to Avnet Integrated Solutions. AI applications are generating and processing massive datasets. The median size of AI training datasets has seen exponential growth with immense storage requirements. This is fueled by AI-generated content and real-time analytics, both demanding rapid data access and processing. This surge in data necessitates high-performance storage solutions, which pushes the industry towards SSD dominance. The speed and efficiency of SSDs make them ideal for AI's demanding requirements. Key advancements in SSD technology, such as 3D NAND and QLC NAND, are driving increased storage densities and improved performance. Emerging standards like EDSFF E3 and PCIe Gen 6 are optimizing SSDs for AI server and data center applications, with a focus on performance, efficiency, and the growing field of Edge AI. While SSDs are gaining prominence for active AI processing, HDDs remain relevant for cost-effective, large-scale storage of archived data. Their cost per gigabyte makes them suitable for data archiving, backup, data lakes, and surveillance applications. Technological advancements like HAMR and MAMR are increasing HDD capacities. SSD prices are expected to decline as production scales and technology improves, while HDD pricing faces potential plateaus due to the maturity of the technology and increased manufacturing costs. The rise of AI is undeniably accelerating the transition towards SSD-dominated storage solutions. While HDDs retain their value for specific applications, SSDs' performance and efficiency make them the preferred choice for handling AI's immense data demands. The data storage industry must adapt to this evolving landscape and prioritize high-performance storage solutions to support the ever-growing needs of AI applications. We sifted through ETFs and financial media reports to compile a list of the top data storage stocks. We then selected the 11 stocks with high analysts' upside potential, at least 15%, as of March 28 and that were also the most popular among elite hedge funds. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A team of IT professionals meticulously crafting a large-scale enterprise performance management system. Average Upside Potential as of March 28: 35.61% Number of Hedge Fund Holders: 105 Oracle Corp. (NYSE:ORCL) delivers enterprise IT solutions that encompass cloud software applications, infrastructure technologies, and hardware systems. Its offerings span ERP, database management, and cloud services. It enables businesses to manage data, optimize operations, and drive digital transformation across diverse industries. The company's data storage infrastructure, specifically its Cloud Infrastructure (OCI) segment, is experiencing growth due to AI and its Gen 2 architecture. IaaS revenue, which includes storage-related infrastructure, surged 51% year-over-year to $2.7 billion in FQ3 2025. This growth is emphasized by a 51% increase in OCI revenue itself, and a 28% rise in cloud database services revenue, with Autonomous Database consumption up 42%. To support this data storage growth, the company is expanding its infrastructure. It has reached 101 cloud regions, and power capacity is projected to double this year and triple by the end of the next fiscal year. Oracle Corp. (NYSE:ORCL) is positioning itself as a leader in AI-driven data storage solutions by securing multibillion-dollar contracts for GPU clusters. On March 7, TD Cowen maintained a buy rating on the company, with a price target of $210 which is backed by the firm's expectations of its new Stargate partnership that aims to invest around $500 billion over 4 years in AI infrastructure across the US. Parnassus Core Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q4 2024 investor letter: 'Oracle Corporation (NYSE:ORCL) stock posted its best annual performance since 1999 as the software giant gained market share in cloud-based training of generative AI models. Oracle Cloud Infrastructure is helping to reaccelerate growth as the company continues to execute well in capturing new deals. Overall, ORCL ranks 10th on our list of best data storage stocks to invest in according to analysts. While we acknowledge the growth potential of ORCL, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
