Oracle Corporation (ORCL) boasts a
strong institutional backing with 44% ownership. Its financial performance has been solid with
high Q2 performance and a
surge in AI demand boosting its growth. Additionally, it gained attention from investors and financial analysts, with prominent figure Jim Cramer expressing positivity over the tech giant. Oracle is also expanding in cloud services via
strategic partnerships, among them is a collaboration with NTT DATA Japan to strengthen sovereign cloud capabilities. Its endeavors have led the company to be recognized in 2024 Gartner® Magic Quadrant™ Reports for
Strategic Cloud Platform Services and Distributed Hybrid Infrastructure. Oracle's potential in the fast-developing fields of AI, cloud services, and big data is noteworthy, reflected by its recent
successful Q1 earnings and increasing
Cloud Revenue. The company continues to persevere in building its AI capabilities, which spurred investor interest. Nevertheless, Oracle's future earnings and the opening of more data centers are topics worth keeping track of. The shares of Oracle Corporation traded down at one point, but over time showed a strong recovery.
Oracle Corp ORCL News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 26 Oct 2024 12:00:17 GMT -
Rating 7
- Innovation 7
- Information 7
- Rumor -3
