Today’s Top Stories: Oracle Surges on AI Boom While Inflation and Rising Yields Rattle Markets
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4 Articles
Reformatorisch Dagblad
welingelichtekringen.nlOracle was among the winners on the New York stock exchanges on Friday. The software and cloud company posted higher revenue and profit last quarter. The company is benefiting from the enormous demand for services and infrastructure for AI and saw revenue from the cloud infrastructure segment more than double. Oracle also expects to continue its strong performance in the current quarter. The stock rose 2 percent.
Today’s Top Stories: Oracle Surges on AI Boom While Inflation and Rising Yields Rattle Markets
TLDR U.S. inflation rose 0.4% month over month and 3.4% year over year, pushing Fed rate hike odds to 85% Brent crude briefly hit nearly $110 a barrel before pulling back more than 3% Oracle reported 30% revenue growth and a $664 billion AI cloud backlog Adobe beat earnings but fell on soft...
Between Oracle's record accounts on the AI cloud and a heavy week for European stock exchanges after the ECB's grip, Piazza Affari rewards growth stories such as Avio and Technoprobe. Market Analysis / ECB, Wall Street, Business Square, Oracle, Artificial Intelligence , Avio SpA
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