The resort and spa acquisition represents just the latest luxury digs to be added to Ellison''s expansive hospitality portfolio.

Oxford Nanopore Technologies PLC (GB:ONT) has released an update. Oracle Corporation, through its wholly-owned entity Delphi Asset Management Corpo…

This era of artificial intelligence and cloud computing has led to companies pouring billions into the segment. Cloud computing service providers have benefitted from the AI hype, where they provide the cloud infrastructure where AI systems can be used. Companies have successfully managed to save millions in data center costs, and some of the biggest tech giants are aggressively building new data centers to cater to the rising demand. This calls for a focus on the top cloud computing stocks of the year. With the adoption of AI, higher cloud capacity will be required. The industry is poised for massive growth, and despite the rising competition, a few companies continue to rule it. If you want to make the most of the demand for cloud computing, here are three cloud computing stocks to add to your portfolio this year. These are some of the most promising stocks in the industry. Microsoft (MSFT) Source: NYCStock / Shutterstock.com One of the top tech companies, Microsoft (NASDAQ: MSFT ) is known for innovation and is a leader in the tech space.

Despite the AI-dominated tech rally over the past year, Adobe (NASDAQ: ADBE ) has been a laggard in the industry. The stock is down by more than 11% year-to-date and 3.0% over the past twelve months. The sell-off in Adobe’s stock stems from its high valuation as concerns about its ability to sustain growth remain a huge question mark. Adobe’s fundamentals are solid and the company remains the industry standard for creative professionals. It also shows real profitability from generative AI, something not every company can say. So is it worth buying right now? AI is Moving the Needle for Adobe Adobe might not be the first company you think of when it comes to AI, but generative AI is making a real impact on its business. The company’s Firefly AI platform has been integrated into popular products like Photoshop and InDesign. Since Firefly’s debut in March 2023, it has generated more than 9 billion AI-generated images. In the most recent quarter, Adobe saw a 38% sequential increase in Firefly image generation from Q1.

Oracle Corporation has announced the launch of its second public cloud region in Saudi Arabia, marking a significant milestone in the company’s ambitious expansion plans. The new cloud region, based in Riyadh, is part of Oracle’s broader strategy to invest US $1.5 billion to enhance the Kingdom’s cloud infrastructure, aligning with Saudi Vision 2030. This […]

The Oracle of Omaha gave little hint as to the reasoning for the sales.

Enterprise software and cloud giant Oracle (NASDAQ: ORCL ) has witnessed impressive momentum in its stock price over the past nine months. Despite lagging behind the S&P 500 last year, it has more than made up for it with a 21.3% jump year-to-date (YTD) . The results may have surprised many, considering its missed top-line estimates in the past three quarters. Despite recent sluggish growth rates, the excitement around its backlog and recent breakthrough AI deals points to more upside ahead. Additionally, the recent dip in its stock price makes Oracle an attractive buy. Oracle stock was relatively laggard compared to its peers in the AI and cloud computing sectors. However, recent reports indicate superb progress in both realms, with Oracle expected to benefit from synergies in cloud and AI. Therefore, despite the recent bullish momentum, there’s plenty of reason to believe that Oracle will continue notching new highs. With that said, let’s delve deeper into why Oracle is poised to be a clear winner in the cloud and AI race.

Monday’s sudden market crash disrupted investor sentiment. However, growing recession fears have investors pondering which stocks to sell in anticipation of a potential rotation into the Dow Jones . In July, investors were concerned that tech stocks had peaked after riding high on artificial intelligence (AI) developments. Some stocks were sold into more stable options concentrated in the Dow Jones or, in some cases, holding cash. For example, Warren Buffett reduced Berkshire Hathaway’s (NYSE: BRK-A , NYSE: BRK-B ) Apple (NASDAQ: AAPL ) holdings by half last quarter, realizing gains and accumulating over a quarter trillion for the next market move. Investors seeking to emulate the Oracle of Omaha have few names to choose from, as first-half gains came mostly from tech stocks. These could now lose favor as small-cap and value stocks are seen as stronger in an uncertain environment with interest rate cuts and economic slowdown concerns. Whether the “great rotation” means buying safer Dow components or the overall market declines, some tech stocks might be sold for the Dow rotation as valuations may unnerve traders.

Oracle has announced the establishment of its second public cloud region in Saudi Arabia in response to rapidly increasing demand for its AI and cloud services. To modernize and innovate their applications with data, analytics and artificial intel…

CIOCoverage has announced its list of "10 Leading Oracle Partners to Watch in 2024," and ITOrizon has been selected as one of the top companies to watch. ATLANTA, GEORGIA, USA, August 7, 2024 /⁨EINPresswire.com⁩/ -- ITOrizon, Inc. has …