Current CEO Safra Catz becomes executive vice chair of the Oracle board, while Clay Magouyrk and Mike Sicilia become co-CEOs.
The enterprise software maker's remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on the scramble for computing power from companies that are pouring billions ...
Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. Trader Niall Pawa, left, and specialist Dilip ...
Reuters The S&P 500 and Nasdaq achieved record highs on Wednesday. Oracle's stock surged due to AI demand. Oracle soared 36% in its biggest one-day percentage gain since 1992 after the tech company ...
[NEW YORK] The S&P 500 finished at a new record on Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer inflation data. Shares of Oracle surged more than ...
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Larry Ellison Topples Elon Musk To Become World's Richest As Oracle Stock Explodes To Record Highs
Oracle stock surged on Wednesday despite missing first-quarter estimates, making Larry Ellison the world’s richest person as upbeat guidance drew Wall Street’s attention. Co-founder and CTO Larry ...
Oracle shares fell nearly 5% Thursday after a record 36% rally pushed its market value close to $1 trillion. Co-founder Larry Ellison’s fortune surged to $387.6 billion, narrowing the gap with Elon ...
Futures tied to the S&P 500 hit an all-time high today, propelled by a surge in cloud computing firm Oracle, as investors awaited producer prices data due later in the day for insights into US ...
Oracle stock jumped after blowout Q1 results as Wall Street raised forecasts, citing surging AI demand and record $455B backlog. Analysts said Oracle is becoming the go-to AI infrastructure player, ...
Fed-funds futures traders priced in a roughly 10% probability of a rate cut of 50 basis points, or half a percentage point, on Sept. 17, after Wednesday morning's subdued August producer-price index ...
(Reuters) - The S&P 500 and Nasdaq notched record-high closes on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest ...
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