Oracle Corporation

ORCL

US68389X1054

Software

Market Closed - Nyse Other stock markets 01:30:02 29/05/2024 am IST			5-day change	1st Jan Change
124.5 ^USD	+1.29%		-0.02%	+18.08%

28/05	NetScientific backs Wanda; Inspirit Energy wins deal	AN
25/05	Elon Musk plans xAI supercomputer, The Information reports	RE

Elon Musk's xAI nears $10 bln deal to rent Oracle's AI servers, The Information reports

May 14, 2024 at 09:39 pm IST

May 14 (Reuters) - Elon Musk's artificial intelligence startup xAI has been talking to executives from Oracle about spending $10 billion to rent cloud servers from the company over a period of years, The Information reported on Tuesday. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ALPHABET INC.	176.4 USD	+0.81%	-0.29%	2,170B
	ORACLE CORPORATION	124.5 USD	+1.29%	-0.02%	338B

Latest news about Oracle Corporation

NetScientific backs Wanda; Inspirit Energy wins deal	29/05	AN
Elon Musk plans xAI supercomputer, The Information reports	25/05	RE
Oracle's farm-in-partner starts drilling at Northern Zone	25/05	AN
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Oracle Power JV Receives Extension for Pakistan Renewable Project LOI	21/05	MT
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Oracle Power's Partner to Kick Off Drilling at Australian Gold Project	17/05	MT
DEWA Subsidiary to Collaborate With Oracle MySQL on Digital Infrastructure	17/05	MT
Ampere Computing pairs with Qualcomm on AI, unveils new chip	16/05	RE
Riversgold to Commence Next Phase of Drilling at Northern Zone Gold Project in Western Australia	16/05	MT
Future Metals celebrates state government grant	16/05	AN
Oracle Power Secures Environmental Clearance for Renewable Energy Project in Pakistan	15/05	MT
AIM WINNERS & LOSERS: Itim up on Majestic Wine contract renewal	15/05	AN
Nasdaq Closes at Record High Ahead of Consumer Inflation Report	15/05	MT
Nasdaq Closes at Record High Ahead of Consumer Inflation Report	15/05	MT
Sector Update: Tech Stocks Advance Late Afternoon	15/05	MT
Sector Update: Tech Stocks Gain Tuesday Afternoon	14/05	MT
Musk's AI Startup Nears $10 Billion Deal to Rent Oracle's Cloud Servers, The Information Reports	14/05	DJ
Oracle Discusses $10 Billion Deal to Rent AI Servers to Elon Musk's xAI	14/05	MT
Oracle, Discusses $10 Billion Deal to Rent AI Servers to Elon Musk's xAI, Information Reports	14/05	MT
Elon Musk's xAI nears $10 bln deal to rent Oracle's AI servers, The Information reports	14/05	RE
Musk's xAI Nears $10 Bln Deal To Rent Oracle's AI Servers- The Information	14/05	RE

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Company Profile

Oracle Corporation is the world's No.1 business software publisher. Net sales break down by activity as follows: - software license support and cloud services (71.1%); - sale of cloud and on-premise software licenses (13.9%): database software, application management software (customer relationship management, supply management, etc.), decision support software, etc.; - sale of equipment (7.5%); - customer services (7.5%). Net sales are distributed geographically as follows: the United States (47.7%), the United Kingdom (5.5%), Japan (4.4%), Germany (4.2%), Canada (3.2%) and other (35%).

Sector

Software

Calendar

18/06/2024 - Q4 2024 Earnings Release (Projected)

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Ratings for Oracle Corporation

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ESG Refinitiv

B-

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

124.5 USD

Average target price

137.2 USD

Spread / Average Target

+10.19%

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Enterprise Software

Oracle Corporation

Equities

ORCL

US68389X1054

Software

Elon Musk's xAI nears $10 bln deal to rent Oracle's AI servers, The Information reports

Stocks mentioned in the article

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