Once a pretty sleepy stock, Oracle ( ORCL 2.60%) has become a lightning rod in the age of artificial intelligence (AI). This stems from both the company's aggressive spending on cloud computing, as ...
Oracle's earnings numbers in the third quarter were impressive, and the company boosted its guidance for next year.
Oracle shares led the tech sector higher Wednesday as investors cheered the cloud giant's better-than-expected earnings and stronger outlook.
Oracle surpassed estimates for the quarter, and lifted its guidance for fiscal 2027 revenue. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand ...