Shares of Oracle and chipmakers rose on Wednesday after a strong earnings report signaled AI demand remains healthy, but stocks remained under pressure from rising oil prices and geopolitical risk.

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...

Oracle's (ORCL) stock jumped on Wednesday after fiscal third-quarter results and outlook beat estimates and drew positive ...

The bearish perspective that Oracle is a legacy company losing the cloud battle is directly countered by the 84% increase in ...

Evan Feagans, portfolio manager at TCW, joins 'Squawk on the Street' to discuss Oracle's upcoming earnings results, the impacts of artificial inelligence, and more.

The race to build an AI ecosystem has propelled massive investments and brought the most unlikely players to the table. Oracle, the legacy enterprise software company launched in 1977 by co-founder ...

Investors allege Oracle misled them about AI infrastructure returns while top executives unloaded shares at inflated prices. A securities class action filed this week in Delaware federal court accuses ...

Oracle faces massive job cuts, potentially 20,000-30,000, to fund its costly $300 billion OpenAI partnership. The tech giant has already spent $58 billion on data centers and is struggling with rising ...

Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD ...

Shares of enterprise software giant Oracle (NYSE:ORCL) fell 3.9% in the afternoon session after geopolitical tensions between the United States and the European Union escalated, sparking fears of a ...