IBM drops after reporting that revenue in its hybrid cloud division grew 14%, slower than expected
After sliding last night , shares have continued their slump into the morning too, down about 7% in premarket trading at the time of writing. This follows a disappointing Q3 revenues report across tw...
Amazon Web Services outage takes down major websites including Reddit, Snapchat, and Venmo
When cloud service sneezed this morning, huge chunks of the internet caught a bad cold. First noted by Amazon Web Services at 12:11 a.m. PDT on Monday, the cloud service provider detected an “operati...
Margins, and selling the news: analysts look to explain Oracle’s tumble
The somewhat counterintuitive tumble in shares continued into afternoon trading Friday, despite Wall Street analysts’ more or less favorable reaction to Oracle’s investor day presentation Thursday, w...
Analysts generally like what they heard from Oracle, but shares are down
The big news out from the AI World conference was broadly positive: that margins on cloud infrastructure can be as high as 35% , and that the company predicts $166 billion in infrastructure revenue b...
Oracle jumps as it says AI cloud gross margins can reach 35%, predicts $166 billion in infrastructure revenue by 2030
shares jumped as executives said the company expects 35% gross margins on large AI infrastructure projects, while speaking at the Oracle AI World conference in Las Vegas, according to Bloomberg.
Snowflake jumps on Palantir partnership announcement
jumped after announcing a partnership deal with AI software and defense data company , in which Snowflake’s AI-focused data storage product — called “AI Data Cloud” — is integrated into Palantir’s Fou...
Salesforce rises after forecasting revenue north of $60 billion by 2030, with double-digit sales growth expected to return
rose as much as 6% in early trading Thursday after issuing an upbeat revenue target and projecting a return to “ double-digit growth ” within the next 12 to 18 months. At an investor event Wednesday, ...
Alibaba slides as the e-commerce giant’s cloud arm reportedly plans to slash overseas prices
slipped more than 3% Tuesday morning following reports that its cloud unit will cut prices of select Elastic Compute Service products by up to 10.2% in overseas markets including Frankfurt, Tokyo, and...
Nebius soars on new report that details the importance of its near $20 billion deal with Microsoft
is jumping in premarket trading after a Bloomberg report shed more light on its near $20 billion deal to supply computing power to . Citing people familiar with the matter, the report says that Nebius...
Alibaba jumps as Macquarie and Jefferies up price targets on AI cloud demand
is up about 4% this morning after Macquarie analyst Ellie Jiang raised her price target on the stock to a Street high of $235.60, up from $177.90, and Jefferies analyst Thomas Chong upped his price ta...
Cipher Mining soars after Google takes stake as part of AI hosting deal
is up more than 8% in premarket trading on news that is taking a 5.4% equity stake in the company as part of a 10-year, 168-megwatt AI hosting deal with cloud computing company Fluidstack. The agreem...
If having multiple CEOs is better for stock market returns, Oracle is quadrupling down
Some studies have shown that having more top leaders means better stock market returns . If you’re a believer in that theory, wait until you get a load of what is doing. The behemoth hyperscaler just...
CoreWeave soars on $6.3 billion cloud computing purchasing agreement with Nvidia
Shares of are flying higher in early trading after the company struck an agreement with Nvidia that will see the chip designer purchase all of CoreWeave’s unused cloud computing capacity through Apri...
Analysts revise up anything and everything they thought about Oracle
As the week’s trading comes to a close, Oracle’s earnings bombshell continues to be digested by Wall Street, with analysts writing up a range of estimates for the company over the coming years. Over t...
OpenAI and Microsoft reach agreement that moves OpenAI closer to for-profit status
In a joint statement, OpenAI and announced a “non-binding memorandum of understanding” for their renegotiated $13 billion partnership, which was a source of recent tension between the two companies.
Oracle’s rally briefly made cofounder Larry Ellison the world’s richest person, ahead of Elon Musk
pulled off one of the biggest rallies in its stock market history, as shares soared 36% on Wednesday after the company laid out a cloud business growth forecast that left analysts “blown away.” What a...
Three stocks power S&P 500 to fresh record closing high
Another day, another record close for the S&P 500. Gains on the day were led by, of course, Oracle, which soared 36% after the cloud giant missed Q1 estimates but reported a 359% surge in its key “boo...
What is an RPO, the number that drove Oracle’s giant share move?
Oracle might have just posted the most lucrative earnings miss in market history. Lost in the roughly $275 billion market move that came after the results is the fact that the cloud computing and busi...
Oracle’s massive sales backlog is thanks to a $300 billion deal with OpenAI, WSJ reports
OpenAI has signed a massive deal to purchase $300 billion worth of cloud computing capacity from , according to a report from The Wall Street Journal. The report notes that the five-year deal would be...
Oracle’s hyperscaler competitors lag after the cloud computing giant’s blowout revenue forecast
Oracle’s forecast for mind-blowing revenue growth through its fiscal 2030 is lifting most AI-adjacent stocks today . However, the ones being left behind in this rising tide, falling or lagging well be...