CFO Safra Katz said the Stargate AI venture isn’t formed yet but “some of our business with OpenAI, which is one of our partners in Stargate, is part of our future very much so.”
The analyst expects infrastructure-as-a-service to be in the spotlight again but forecasts a slight disappointment relative to the consensus expectation of $3.1 billion.
According to a Reuters report, Qwant has argued that Microsoft’s control over search delivery is distorting competition and harming alternative engines.
Trump's threats spark fear of trade war, causing stock market shockwaves. Tech ETFs with high exposure to Apple may see volatility. Investors seek defensive options.
Stephens said it is positive about Oracle’s large market share in key parts of the back office software value chain and its increasing mix of strategic and growing applications but is wary about valuation.
UBS said the setup going into Oracle’s third-quarter print, given the stock’s 17% decline over the past three weeks, solid channel checks and a pending lift from Stargate.
The company said the prospects for AI are strong, as it extends AI from the largest cloud service providers into the enterprise at scale and out to the edge with the PC.
Global smartphone shipments increased 2.4% in Q4 of 2024, marking 6th consecutive quarter of growth. Chinese vendors drove market with affordable devices.
Apple Inc's smartphone sales declined 0.3% year over year in Q3, but regained No. 2 spot in China. Huawei and Xiaomi also saw gains. Apple met with China's IT minister.
