Google Cloud CEO Thomas Kurian speaks at the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s latest effort to win cloud deals over larger rivals Amazon and Microsoft involves making it cheaper for clients to leave. In a blog post Thursday, Google took aim … Read more
The gatekeepers of information technology budgets at major North American companies are ready to start spending again. Silicon Valley and investors in tech stocks, like the Club, are rejoicing. According to Piper Sandler’s 2024 survey of chief information officers, their top priorities over the next three years, unsurprisingly, are in the areas of cloud and artificial … Read more
Larry Ellison, co-founder and chairman of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco, California, U.S., on Tuesday, Oct. 3, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares fell more than 10% at market open Tuesday after the company missed estimates on revenue in its second quarter earnings … Read more
Oracle shares are taking a hit in the aftermarket following another disappointing quarterly report. While earnings at the cloud infrastructure company edged out Wall Street estimates, sales once again came up short with three of the company’s four main operating segments underperforming, including its crucial cloud services division. Revenue for the second fiscal quarter of … Read more
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue that fell short of Wall Street expectations. … Read more
Investors banished Oracle to the penalty box in September after disappointing fiscal 2024 first-quarter results and guidance. Upcoming quarterly results Monday evening may be what the enterprise software and emerging cloud giant needs to skate free. Oracle is expected to post revenue of $13.05 billion in the three months ended Nov. 30, according to a … Read more
Tech was back this week as Advanced Micro Devices unveiled its newest artificial intelligence chip and Alphabet released its latest AI model . Friday’s rally pushed the S & P 500 to a new 2023 high as the broad market index, the Dow and the Nasdaq all extended their weekly winning streaks to six straight. … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s notable Wall Street action, telling them to pay attention to the Federal Reserve’s policy meeting that kicks off Wednesday. Cramer said Wall Street “dodged a bullet” today when the government released November’s nonfarm payroll report, which showed a lower unemployment rate than expected and strong … Read more
Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. David Becker | Getty Images Meta, OpenAI, and Microsoft said at an AMD investor event on Wednesday they will use AMD’s newest AI chip, the … Read more
Six quarters of shrinking margins among S & P 500 companies have ended — and according to a Barclay’s analysis, that flip has historically led to a higher market in the months ahead. “Post-margin inflection market returns” averaged 15% to 17%” over the next six to 12 months, with consistent outperformance in tech, consumer, health … Read more