CEO Larry Ellison, in a conference call with financial analysts Wednesday, also took time to crow about the next-generation Exadata Database Machine the company unveiled Tuesday, citing it as proof of ...
Oracle shares dropped almost 7%, their steepest decline in a year, following the database software vendor's disappointing earnings report. The stock's worst day of 2024 had been a 5.4% decline in May.
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Oracle has lost $315 billion in market value since announcing its $300 billion deal with OpenAI
The $300 billion agreement between Oracle and OpenAI, first revealed on September 10, has gone deep into the red; negative $74 billion to be exact. The market wiped out $315 billion from Oracle’s ...
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