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Oracle’s AI Push Gets pricier as restructuring bill climbs to $2.8B
finance23 days ago

Oracle’s AI Push Gets pricier as restructuring bill climbs to $2.8B

Oracle is increasing the expected cost of its fiscal 2026 restructuring by about $700 million to roughly $2.8 billion as it accelerates its AI-driven cloud expansion, with costs including severance and other exit expenses. The move follows Oracle’s report of more than $30 billion in new AI cloud contracts and a backlog of $664 billion, with about half expected to convert to revenue over the next 36 months. While the AI push could improve efficiency and long-term growth, near-term earnings and cash flow remain pressured, and the company plans to finance ongoing capital expenditure—potentially up to $40 billion through debt and equity—despite continued large cash burn.

via Yahoo Finance|
#ai#ai-cloud#backlog
Oracle stock slides after Ellison aborts pre-set $7.5B sale plan
business25 days ago

Oracle stock slides after Ellison aborts pre-set $7.5B sale plan

Oracle shares fell about 4% after the company disclosed co-founder Larry Ellison canceled a pre-arranged 10b5-1 plan to sell 50 million Oracle shares, a move that would have been worth around $7.5 billion. No stock was sold and Ellison has no other sale plans. The news came amid a broader AI-stock selloff and concerns about Oracle’s debt load ahead of a Federal Reserve decision, weighing on the stock despite cloud-revenue strength.

via Barron's|
#10b5-1-trading-plan#ai-cloud#business
Ellison abandons plan to dump up to 50 million Oracle shares as results impress
business26 days ago

Ellison abandons plan to dump up to 50 million Oracle shares as results impress

Oracle executive chair Larry Ellison canceled a Rule 10b5-1 plan to sell up to 50 million Oracle shares; no shares were sold and he has no other planned sales. The move came after Oracle reported stronger-than-expected quarterly earnings, raised full-year guidance and noted more than $30 billion in new AI cloud contracts, lifting its backlog to about $664 billion. Despite the positives, Oracle’s stock has fallen over 20% in 2026 amid investor worries about AI-related spending. The plan was set to terminate Oct. 24, with potential early termination under certain events.

via finance.yahoo.com|
#ai-cloud#business#larry-ellison
Oracle rides AI cloud surge to revenue beat despite heavy debt
finance28 days ago

Oracle rides AI cloud surge to revenue beat despite heavy debt

Oracle beat estimates in Q1 FY2027 with revenue up 30% to $19.3 billion and cloud infrastructure sales up 121% to $7.4 billion, powered by booming AI cloud demand that outpaced supply; adjusted earnings per share rose 30% to $1.92 on expectations of $1.75. The company booked over $30 billion of AI cloud contracts, lifting remaining performance obligations backlog to about $664 billion. While the AI-fueled cloud push underscores Oracle's data-center expansion, investors remain wary of the debt used to fund the build, and the stock trimmed intraday gains after the release.

via Yahoo Finance|
#ai-cloud#backlog#cloud-infrastructure
IREN’s AI Cloud Pivot Draws Bullish Analysts After Earnings
business1 month ago

IREN’s AI Cloud Pivot Draws Bullish Analysts After Earnings

IREN Limited’s Q4 results spotlight a pivot from Bitcoin mining to AI cloud services: AI Cloud Services revenue jumped 907% year-over-year to $70.5M (and more than doubled sequentially), while Bitcoin-mining revenue fell 63% to $66.7M amid a 27% drop in overall revenue to $137.23M. Analysts at Citizens JMP reiterated a Buy with an $80 target (roughly 97% upside) and cited a $4B contracted ARR as evidence the AI transition is gaining traction; H.C. Wainwright also maintained a Buy with a $90 target (about 122% upside). Investors will watch how quickly contracted ARR converts to reported revenue and whether margins and GPU utilization improve as capacity expands, especially since the stock fell about 7% after earnings.

via Yahoo Finance|
#ai-cloud#analysts#bitcoin-mining
Nebius Beats Q2 Revenue Forecast on AI Cloud Boom, Secures Four >$1B Deals
business1 month ago

Nebius Beats Q2 Revenue Forecast on AI Cloud Boom, Secures Four >$1B Deals

Nebius Group N.V. topped its second‑quarter revenue forecast with $582.3 million for the quarter ended June, as booming demand for AI infrastructure fueled growth. The core AI cloud business—about 98% of group revenue—rose more than 500%, and the company closed four landmark AI cloud deals averaging over $1 billion in total contract value, lifting TCV nearly fourfold quarter‑over‑quarter and enabling higher pricing for next‑gen chips and older GPUs. About 70% of deals included prepayments, and Nebius reaffirmed its 2026 outlook as shares rose in premarket trading.

via finance.yahoo.com|
#ai-cloud#ai-infrastructure#business
technology1 month ago

CoreWeave Surges on Q2 Revenue Beat Amid Big AI Deals

CoreWeave posted Q2 revenue of $2.58 billion (vs. $2.56 billion expected) and a per-share loss of $1.14, up 112% year over year, with a net loss of $626 million. The company’s revenue backlog reached $104 billion and 1.5 gigawatts of active power, while carrying about $35 billion in debt to fund Nvidia GPUs and related equipment. It announced multi-year deals with Anthropic and Meta (Meta to spend $21 billion) and a $6 billion commitment from Jane Street. The stock rose about 11% in extended trading as it remains competitive in the AI cloud race against AWS, Google, and Microsoft. A conference call is set for 5 p.m. ET to discuss results.

via CNBC|
#ai-cloud#anthropic#coreweave
Meta's AI Cloud Push Triggers Broad Selloff in AI Stocks
technology3 months ago

Meta's AI Cloud Push Triggers Broad Selloff in AI Stocks

Meta Platforms reportedly is exploring an external AI cloud infrastructure business to provide computing power and models to external customers, a move that triggered a broad selloff in AI stocks. Major chip names like NVIDIA (-2%), AMD (-3%), and Intel (-4%) fell, while AI‑infrastructure players Nebius NBIS and CoreWeave CRWV slumped around 12% and 10%. Storage and memory names such as Micron MU (-~7%), SanDisk, Seagate and Western Digital also declined, with chip‑equipment makers like KLAC, LRCX, AMAT and ASML posting losses as investors weighed Meta's cloud ambitions against the AI hardware rally.

via Yahoo Finance|
#ai-cloud#amd#meta-platforms
Meta Signals AI Cloud Push as It Plans to Monetize Idle Compute
business3 months ago

Meta Signals AI Cloud Push as It Plans to Monetize Idle Compute

Meta Platforms is reportedly creating a dedicated AI cloud unit to monetize surplus AI compute, potentially offering customers access to AI models on Meta’s platform—a strategy akin to major cloud providers. The move aligns with past hints from CEO Mark Zuckerberg about selling excess compute, and the news contributed to a roughly 8.8% jump in META shares.

via Yahoo Finance|
#ai-cloud#business#cloud-computing
Rackspace bets on AMD-powered AI cloud, lifting shares
business3 months ago

Rackspace bets on AMD-powered AI cloud, lifting shares

Rackspace Technology finalized a deal to power its AI cloud with AMD hardware, making AMD Instinct GPUs and EPYC CPUs the main components and rolling out 30 megawatts of capacity by 2028 as the company pivots to managed AI cloud services. The move accompanies a 15% global workforce realignment, and comes as Rackspace has surged about 500% in 2026; the news spurred intraday stock gains (though AMD slid on the day) and follows other AI partnerships with Palantir, underscoring the company’s push into AI cloud offerings.

via Barron's|
#ai-cloud#amd#business
SK Telecom, NVIDIA Unveil Gigawatt-Scale AI Cloud for Korea
technology4 months ago

SK Telecom, NVIDIA Unveil Gigawatt-Scale AI Cloud for Korea

SK Telecom and NVIDIA will build a gigawatt-scale AI Cloud in Korea using the DSX platform, with the first AI factory slated for 2027, to provide sovereign, physical and agentic AI services for enterprises and industries, emphasizing low token cost and energy efficiency; the collaboration includes joint research on next-generation AI factory architectures and SKT’s status as an NVIDIA Cloud Partner.

via NVIDIA Newsroom|
#ai-cloud#ai-factory#korea-ai
FAA chief says Compaq-powered ATC is safe but inefficient, modernization underway
technology4 months ago

FAA chief says Compaq-powered ATC is safe but inefficient, modernization underway

FAA Administrator Bryan Bedford says the U.S. air traffic control system is safe but inefficient because 313 facilities run on 1970s/80s tech, including Compaq computers and floppy disks. The FAA plans about $12.5 billion in modernization through 2028 plus roughly $10 billion more to overhaul data architecture, move to cloud, and enable AI-driven real-time situational awareness to boost efficiency and capacity as the summer travel season approaches.

via CBS News|
#ai-cloud#air-traffic-control#compaq
Iren Stock Breaks Out as Nvidia Deal Highlights AI Cloud Push
business5 months ago

Iren Stock Breaks Out as Nvidia Deal Highlights AI Cloud Push

Iren Limited’s stock extended its breakout after Nvidia signed a $3.4 billion cloud-services deal with Iren, with Nvidia set to invest about $2.1 billion via share purchases. Analysts remain bullish despite a Q3 miss, noting the Nvidia pact—alongside Iren’s prior Microsoft AI-cloud engagement—validates Iren’s ability to monetize AI infrastructure and lift its AI Cloud ARR toward $3.7 billion. Price targets from analysts vary (e.g., Compass Point at $105, HC Wainwright at $85) with a street consensus around $72.56, indicating meaningful upside ahead.

via TipRanks|
#ai-cloud#analysts#business