Many of you have been following us for a long time on Croblanc, and you already know that we regularly share new video content from the Youtube channel Bloomberg Television which our community is extremely fond of. And so we decided to share with you today this latest content that might spark your interest.
The Youtube channel Bloomberg Television has published today a new video called A 'Drop the Mic' Moment for Oracle, Dan Ives. You want to discover this video and watch it in streaming, you are lucky we put it aside for you!
The video is doing a very good start since it was uploaded on the Youtube channel of Bloomberg Television and it could well end up in trend if the scores remain at these levels. However, we should not get too excited and wait a few days to see if this good start is confirmed with a buzz on the duration.
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For your information, you can find below the description of the video A 'Drop the Mic' Moment for Oracle, Dan Ives published by the Youtube channel Bloomberg Television:
Dan Ives, Global Head: Technology at Wedbush Securities, discusses Oracle's share surge after the company's strong outlook for its cloud business.
Oracle Corp. shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing.
The stock surged as much as 41% Wednesday morning in New York, bringing its market valuation to $947 billion and co-founder Larry Ellison to within striking distance of Elon Musk as the world’s richest person. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed.
Known for its database software, Oracle has recently found success in the red-hot cloud computing market and is emerging as a key provider of AI computing capacity, competing against cloud leaders Amazon.com Inc., Microsoft Corp. and Alphabet Inc.’s Google. Earlier this summer, it signed an unprecedented deal with ChatGPT operator OpenAI for 4.5 gigawatts’ worth of data center capacity — enough energy to power millions of American homes. It also counts Nvidia and ByteDance’s TikTok as major cloud customers.
Such deals helped boost remaining performance obligations — a measure of bookings — to $455 billion at the end of the fiscal first quarter, Oracle said Tuesday. That’s more than four times higher than the same period a year earlier. It’s also roughly four times Google’s backlog, according to Bloomberg Intelligence, suggesting Oracle’s cloud-growth rate is poised to surpass Google’s.
“It was an astonishing quarter,” and demand for Oracle cloud infrastructure continues to build, Chief Executive Officer Safra Catz said. The company signed four multibillion-dollar contracts with three different customers in the quarter and expects to sign up several additional customers in the coming months, she added, pushing remaining performance obligations above $500 billion.
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