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Oci

All articles tagged with #oci

markets1 month ago•16 min saved

Scotiabank Sees Upside in Oracle Stock Ahead of Q3 Earnings

Scotiabank’s Patrick Colville argues Oracle’s stock now offers a favorable risk/reward after a recent debt issuance and a planned ~$25B equity offering remove a major overhang, whileOpenAI funding helps de-risk a portion of Oracle’s RPO. The pace of capital spending could accelerate OCI revenue, supporting a faster OCI ramp, even as EPS for the upcoming quarters may come in below consensus due to higher interest costs and the anticipated share issuance; consensus remains bullish with a strong buy stance and higher price targets.

via TipRanks|

#earnings #markets #oci

technology7 months ago•8 min saved

Oracle's Strategic Moves Boost Cloud, AI, and Semiconductor Partnerships

Oracle is rapidly expanding its cloud infrastructure business, driven by Larry Ellison's leadership and strategic focus on AI workloads, with projections of significant revenue growth and a shift towards AI training and inferencing, positioning itself as a key player against hyperscalers despite high capital expenditures and uncertain returns.

via MarketWatch|

#ai-infrastructure #cloud-infrastructure #larry-ellison

finance2 years ago•3 min saved

European Markets Rally as Travel Stocks Surge, Oci Shares Soar

European markets closed higher, with the pan-European Stoxx 600 up 0.43%. Travel and leisure stocks led gains, while oil and gas remained flat. U.S. stocks opened slightly higher, with the S&P 500 rising. In Asia, Japan's Nikkei 225 index jumped 1% after the Bank of Japan left its main policy rate unchanged. Dutch chemical and fertilizer manufacturer OCI saw its shares rise 5% after announcing the sale of its stake in Iowa Fertilizer Company. Shipping companies, including Frontline, saw losses as investors assessed the impact of a suspension of Red Sea routes.

via CNBC|

#bank-of-japan #european-markets #finance

politics3 years ago•2 min saved

Actor-Activist Chetan's OCI Status Revoked by Indian Government

Actor and activist Chetan Kumar, a US citizen, claims that the Indian government has cancelled his Overseas Citizenship of India (OCI) card and directed him to return it within 15 days of receiving their letter. The government cited his alleged violation of Covid-19 guidelines and criticism of a judge as reasons for the cancellation. Chetan plans to approach the Karnataka High Court to challenge the decision, stating that the government's actions are aimed at creating an atmosphere of fear and silencing activists.

via The Indian Express|

#activism #cancellation #chetan-kumar