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☆ Oracle tumbles as strong cloud competition, Cerner weakness dent forecast
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Oracle cloud service logo in this illustration taken February 8, 2022. The company was on track to lose about $30 billion in market value, based on its premarket share price of $115. "We continue to believe high single-digit growth might be unsustainable for Oracle given Cerner integration risks and formidable data center competition," D.A. Most analysts, however, were positive on the company and attributed the share price decline to Oracle's rally in the run-up to earnings. But they highlighted strong deferred revenue, AI backlog commentary and some positive signs in the cloud business as positives.

Persons: Dado Ruvic, Safra Catz, D.A, Davidson, Gil Luria, Aditya Soni, Krishna Chandra Organizations: Oracle, REUTERS, Amazon Web Services, Google, Barclays, Thomson Locations: Bengaluru

☆ One of the last Club names reports earnings after the bell. Here's where Jim Cramer is on the stock
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Marc Benioff, We'll, Meta, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Google, UAW, Meta, Wall Street, Nvidia, Microsoft, Oracle, Citi, Oracle Cloud Infrastructure, Deutsche Bank Locations: China, San Francisco

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

Tesla needs as many Nvidia chips as it can get, based on CEO Elon Musk recent comments on the company's quarterly earnings call. Tesla isn't the first to work on custom AI chips focused specifically on the company's bread and butter. And that's coming from the head of one of the most cutting-edge AI companies on the planet. Nvidia chips can be utilized by clients for many applications, making it easier for them to accelerate growth. The fresh Nvidia-Tesla conversation adds another layer to Oracle's report Monday, when viewed through the lens of Nvidia's AI leadership.

Persons: Tesla, Morgan Stanley, Morgan, Jim Cramer, Elon Musk, Musk, Sundar Pichai, Jim, Oracle, Jim Cramer's, Jensen Huang Organizations: Nvidia, Oracle, Broadcom, Google, NVIDIA, Citigroup, Oracle Cloud Infrastructure, Citi, Amazon Web Services, UBS, CNBC, Getty Locations: OCI, Taiwan

☆ Here are 3 things for stock investors to watch in the market in the week ahead
▼ + stars: | 2023-09-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

It was a down week for the major stock market benchmarks as rumors of an iPhone ban for government employees in China sparked concerns over increasing tensions between Washington and Beijing. Here's a full rundown of all the important domestic earnings reports and economic data in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer, Apple —, Jim, we'll, Einstein, Stellantis, We'll, That's, Oracle's, LEN, Jim Cramer's Organizations: Apple, Dow, Nasdaq, Broadcom, DuPont, Huawei, Nvidia, Apple Watch, Vision, Club, Google, Justice Department, United Auto Workers, General Motors, Chrysler, Ford, UAW, CPI, PPI, Oracle, Oracle Cloud Infrastructure, Microsoft, Costco, Caseys, Jim Cramer's Charitable, CNBC, Apple Inc, Getty Locations: China, Washington, Beijing, U.S, People's Republic of China, San Francisco, Shanghai

☆ Jim Cramer says this legacy tech stock is the 'star of the show' in AI. Here's what to expect from its earnings
▼ + stars: | 2023-09-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

In the three months that ended May 31, Oracle cloud infrastructure unit revenue jumped 76% on an annual basis, to $1.4 billion, roughly 10% of the company's total. Analysts at UBS struck a similar tone last week when they also upgraded Oracle stock to buy. We expect that, over time, Oracle's AI execution and growing cloud share should attract new investors to the stock and convince more analysts of its potential. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: holding's, Jim Cramer, Jensen Huang, Jim, OCI, Oracle, —, Jim Cramer's, Tom Brenner Organizations: Oracle, LSEG, Nvidia, Oracle Cloud Infrastructure, Web Services, Google, Barclays, UBS, Wall Street, UBS –, Microsoft, Semiconductor, Broadcom, CNBC Locations: U.S, Wilson, Arlington , Virginia

☆ Barclays says buy this software stock with AI tailwinds
▼ + stars: | 2023-09-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Oracle shares have surged nearly 48% in 2023 and close to 62% over the past 12 months. Barclays thinks the company is set to maintain high levels of growth in the near future as its tailwinds have yet to fully take effect. "OCI, partly fueled by emerging AI workloads, will be key to the database and overall story." He added that OCI is well-positioned for an AI tailwind due to its close relationship with Nvidia. Oracle was also one of the first cloud solutions providers to enter the market with Nvidia's software as a service products, Lenschow added.

Persons: Raimo, Lenschow, — CNBC's Michael Bloom Organizations: Oracle, Barclays, Oracle Cloud Infrastructure, Nvidia

☆ UBS upgrades this stock it says can jump another 20% on AI excitement
▼ + stars: | 2023-08-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Karl Keirstead upgraded the database management company to buy from neutral and raised his price target by $20 to $140. "We believe GPU supply constraints could be enough to drive outsized performance in Oracle shares." Despite its stock price run-up this year, UBS thinks shares still have plenty of room to grow. Keirstead noted four positive catalysts for the company: AI startups may only be in their first quarter in ramping up their use of OCI. Less than half of sell-side analysts rate Oracle shares a buy.

Persons: Karl Keirstead, Keirstad, Keirstead, — CNBC's Michael Bloom Organizations: UBS, Oracle, Oracle Cloud, Nvidia Locations: ramping

☆ Monthly Meeting update: Jim Cramer says buy this cloud play and this industrial stock
▼ + stars: | 2023-08-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

In an up-and-down market since our July Monthly Meeting, we added two stocks to our portfolio: an industrial name and an emerging cloud play. The business software giant is emerging as a cloud infrastructure name that has really come on as of late. For years, Oracle lagged behind the likes of Amazon Web Services, Azure, and Google Cloud, but the company hit a turning point when it launched its second-generation cloud infrastructure offering, called Oracle Cloud Infrastructure Generation 2, or OCI Gen 2, in the summer of 2020. Total cloud revenue growth surged to 54%, with 45% growth for Cloud Applications and 76% growth for Cloud Infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, I'm, Ed Breen, DuPont, Rogers, Dupont, Jim Cramer's, Jim, Spencer Platt Organizations: Oracle, DuPont, Amazon Web Services, Google, Oracle Cloud Infrastructure, Nvidia, Cloud Infrastructure, Management, Microsoft, Federal Reserve, Rogers Corporation, CNBC, Traders, New York Stock Exchange, Getty Locations: China, DowDuPont, New York City

For a long time, as those three companies moved first and established large initial market shares in the cloud, Oracle looked like it was being left behind. But the turning point was when Oracle launched its second-generation cloud infrastructure offering, called Oracle Cloud Infrastructure Generation 2, or OCI Gen 2, in the summer of 2020. In the second quarter of fiscal 2023 (the three months ended November 2022), Total Cloud revenue grew 43%, with 40% growth for Cloud Applications and 53% growth for Cloud Infrastructure. In the third quarter of fiscal 2023 (the three months ended February 2023), Total Cloud revenue accelerated back to 45%, with 42% growth for Cloud Applications and 55% growth for Cloud Infrastructure. Total Cloud revenue growth surged to 54% again, with 45% growth for Cloud Applications and 76% growth for Cloud Infrastructure.

Persons: Jim Cramer's, Jim, it's, Larry Ellison, Oracle, Microsoft —, we're, Jim Cramer, Justin Sullivan Organizations: Oracle, ORCL, Nasdaq, Amazon Web Services, Google, Oracle Cloud Infrastructure, AWS, Nvidia, Cloud Infrastructure, Management, Microsoft, Charitable Trust, Club, APPLE, CNBC Locations: China, Redwood Shores , California

☆ Top tech investor names 5 tech stocks to buy — and says 2 still have 'a lot of upside'
▼ + stars: | 2023-08-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Top tech investor Paul Meeks says he'll likely buy the dip in stocks, as he doesn't expect a significant and long-lasting downturn, he told CNBC. "Tech and aggressive growth stocks in particular, have done so well, this year, probably got way ahead of themselves going up too far too fast. The five tech stocks he said he would buy are Meta , Alphabet , Extreme Networks , Arista Networks and Shopify . Meeks added that he would also consider one small-cap tech stock that's "too cheap:" Harmonic , a video-streaming tech company. Here's how much average potential upside Wall Street is giving the stocks Meeks mentioned, according to FactSet.

Persons: Paul Meeks, he'll, Meeks, CNBC's, Amazon Meeks, He's, AAPL Organizations: CNBC, Wall, Nasdaq, Dow, Tech, Independent Solutions Wealth Management, Networks, Arista Networks, Apple, titans Apple, Oracle Locations: U.S, China

☆ Oracle's biggest critic, Goldman Sachs, admits it was wrong about rating the stock a sell
▼ + stars: | 2023-06-13 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Oracle reported a record-breaking $49.95 billion in annual revenue thanks to success in cloud computing. It has convinced its biggest critic, Goldman Sachs, to change its mind about its potential. And on Tuesday, Oracle's biggest critic, Goldman Sachs analyst Kash Rangan, admitted he was wrong. He did gracefully swallow his pride enough to admit that since he first imposed the sell rating, the stock has climbed 46%. And he's also got his eye on Oracle's cash situation, given how expensive it is to build and maintain data centers.

Persons: Goldman Sachs, there's, Oracle's, Kash Rangan, Rangan, he's, What's, Safra Catz, it's, Morgan, Keith Weiss, luke, Weiss Organizations: Oracle, Morning, Yahoo Finance, Microsoft

Wolfe Research thinks software company Oracle has a strong growth story thanks to the generative AI boom. The analyst said Oracle has created a significant second mover "architectural and cost advantage" around its second-generation Oracle Cloud Infrastructure — which its competitors are unable to match. Notably, Oracle's cloud software has spare GPU, or graphics processing unit, capacity. GPUs are necessary to process AI functions and have seen a surge in demand as more companies engage in AI. Growth has also been strong over a 12-month period, with shares gaining more than 63%.

Persons: Wolfe, Alex Zukin, Zukin, CY25, Oracle, Michael Bloom Organizations: Wolfe Research, Oracle, Oracle Cloud Infrastructure, Infrastructure Locations: GenAI

☆ Insiders say Oracle is crushing morale at $28 billion acquisition Cerner by cutting over 3,000 workers, banning raises, and sidelining its former CEO
▼ + stars: | 2023-05-16 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +3 min

After the acquisition closed in June, Oracle has laid off more than 3,000 of the 28,000 original Cerner employees, one of the people said. According to his LinkedIn, Feinberg left the CEO role in September before becoming "chairman" of Oracle Health. After Johnson left, Oracle moved data and artificial-intelligence back under its cloud business. Internally, the face of the unit appears to be Oracle Health General Manager Travis Dalton, who has been in charge of all-hands meetings. Oracle Health is in charge of a contract worth several billion dollars to overhaul the US Department of Veterans Affairs' information systems.

☆ TikTok CEO says China-based ByteDance employees still have access to some U.S. data
▼ + stars: | 2023-03-23 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Lawmakers and intelligence officials fear that U.S. user data could get into the hands of the Chinese government via ByteDance. TikTok said Thursday that Project Texas is already in action but there are many steps to reach its completion. The data on those servers is the kind that could theoretically still be accessed by China-based ByteDance employees for the time being. Once that data is deleted, according to TikTok, those employees will no longer have access to U.S. user data from the app. WATCH: TikTok CEO Shou Zi Chew: I don't condone effort by former employees to access U.S. user data

☆ TikTok CEO: App has never shared US data with Chinese government
▼ + stars: | 2023-03-22 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

"TikTok has never shared, or received a request to share, U.S. user data with the Chinese government. TikTok's critics fear that its U.S. user data could be passed on to China's government by the app and prompted growing calls to ban the app by U.S. lawmakers. The video app has spent more than two years in talks with CFIUS seeking to reach an agreement on protecting U.S. user data. TikTok has formed a special-purpose subsidiary, TikTok U.S. Data Security (USDS), that currently has nearly 1,500 full-time employees and contracted with Oracle (ORCL.N) to store TikTok’s U.S. user data. "Oracle has already begun inspecting TikTok’s sourcecode and will have unprecedented access to the related algorithms and data models," Chew's testimony said.

CNN —Nearly two-and-a-half years after the Trump administration threatened to ban TikTok in the United States if it didn’t divest from its Chinese owners, the Biden administration is now doing the same. The new directive comes from the multiagency Committee on Foreign Investment in the United States (CFIUS), following years of negotiations between TikTok and the government body. “If protecting national security is the objective, divestment doesn’t solve the problem,” TikTok spokesperson Maureen Shanahan said in a statement. TikTok is really only a national security risk insofar as the Chinese government may have leverage over TikTok or its parent company. China has national security laws that require companies under its jurisdiction to cooperate with a broad range of security activities.

☆ Nvidia pops after strong quarter, guidance — showing why the stock still has long-term promise
▼ + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Nvidia (NVDA) reported better-than-expected fiscal 2023 fourth-quarter results after the closing bell Wednesday and a strong current-quarter forecast. As of Wednesday's close, Nvidia has been one of our best performers in 2023, up 42% this year. Essentially, this service provides customers the ability to access an Nvidia DGX super-computer with nothing more than their browsers and allows them to access Nvidia AI Enterprise for "training and deploying large language models or other AI workloads." Guidance Looking ahead to fiscal 2024 first quarter, management forecasted better-than-expected sales, adjusted gross margin and capital expenditures on a non-GAAP basis. Capital Allocation In its fiscal 2023 fourth quarter, Nvidia returned a total of $1.15 billion to shareholders via dividends and buybacks.

☆ Uber Signs Cloud Deals With Google and Oracle
▼ + stars: | 2023-02-13 | by ( Belle Lin | ) www.wsj.com time to read: +5 min

Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. While Uber and Google have an existing partnership, the new cloud deal brings them closer together in other areas including launching new services, said Google Cloud Chief Executive Thomas Kurian. With Oracle, Uber is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and will not renew certain data center leases as it moves to the cloud.

☆ Uber, Spurred by Hardware Supply Disruptions, Moves to Multiple Cloud Providers
▼ + stars: | 2023-02-13 | by ( Belle Lin | ) www.wsj.com time to read: +3 min

Over 95% of Uber’s IT is currently housed in those data centers, he said. Uber declined to comment on how it plans to spread its data and applications between Google and Oracle’s cloud platforms. PREVIEWA tipping point came during the Covid-19 pandemic, when supply-chain disruptions pushed IT hardware delivery timelines to more than 12 months, according to Mr. Zargahi. Mr. Zargahi said Uber eventually expects the cloud to cost less than its data centers, and won’t renew certain data center leases as it moves to the cloud. With Oracle, Uber also is planning to integrate its freight business into Oracle’s cloud-based enterprise resource planning system, as well as other database-related projects, said Oracle Cloud Executive Vice President Clay Magouyrk.

☆ Oracle reorganized its AI and data initiatives amid a leadership shakeup, leaked internal memo shows
▼ + stars: | 2023-02-08 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Oracle moved its AI and data unit under its cloud business amid a leadership shakeup. Oracle is moving its data and artificial intelligence unit under its cloud business and making its health initiatives a major focus, an internal email shows. The reorganization means Oracle is "consolidating all of the new data and AI initiatives back into OCI," according to an internal email. Don Johnson, the former Oracle Cloud Infrastructure boss once named by Ellison as a potential contender for co-CEO, recently left his latest role leading Oracle Health and Artificial Intelligence, Insider previously reported. After about six months, he returned to run engineering for Oracle Health after the company bought Cerner in 2022.

☆ Leaked Oracle org chart shows the top execs reporting to Larry Ellison after cloud leader Don Johnson's abrupt departure
▼ + stars: | 2023-01-30 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Oracle's internal org chart shows the eight executives who report to chairman and CTO Larry Ellison. An internal Oracle organization chart shows the executives left reporting to cofounder Larry Ellison after cloud and health leader Don Johnson left the company. Johnson spent four years running Oracle's cloud business, Oracle Cloud Infrastructure, before stepping back in the last year. Larry Ellison Executive chairman and chief technology officer Andy Mendelsohn Executive vice president, Oracle Database Clay Magouyrk Executive vice president, Oracle Cloud Infrastructure Edward Screven Executive vice president and chief corporate architect Jeff Henley Executive vice chairman Juan Loaiza Executive vice president, Mission Critical Database Technologies Steve Miranda Executive vice president, Applications Development T.K. Anand Executive vice president, Analytics Maddie Giammona Executive assistantDo you work at Oracle or have insight to share?

☆ Oracle health cloud leader Don Johnson — once considered for co-CEO — has abruptly resigned, insiders say
▼ + stars: | 2023-01-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Oracle executive Don Johnson is abruptly leaving his key post, insiders say. Johnson was at one point named by Larry Ellison as a potential contender for Oracle co-CEO. Don Johnson — the former Oracle Cloud Infrastructure (OCI) boss once named by founder and CTO Larry Ellison as a potential contender for co-CEO — abruptly left his latest post, two people familiar with the matter said. Johnson came to Oracle from Amazon Web Services in 2014 and was tapped by Ellison in 2018 to run the company's all-important cloud unit, Oracle Cloud Infrastructure. About a year later, Johnson stepped down from the cloud and AI organization, according to another email viewed by Insider.

☆ Guitar Center Details Cloud Move
▼ + stars: | 2023-01-20 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Guitar Center Chief Technology Officer Ravi Balwada Photo: Guitar Center Inc. Such downtimes can result in losses of more than $5 million for retailers like Guitar Center, Mr. Balwada said. Guitar Center had filed for bankruptcy in November 2020, citing Covid-19-related store closures and looming debt maturity, and emerged from bankruptcy in December of that year. Guitar Center has also reduced its cost per transaction by about 1.5% and increased its online shopping conversion rates by an estimated 1.6%, Mr. Balwada said. PREVIEWMr. Balwada said he aims to more fully integrate Guitar Center’s offerings so that customers are interacting with a single, common platform that is built on Oracle’s cloud.

☆ Piper Sandler upgrades Oracle, says years of low growth are coming to an end
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Oracle could jump more than 20% as it jumpstarts growth with Cloud, according to Piper Sandler. "That said, F2024 is shaping up to be a watershed year, where growth in operating profits and EPS could accelerate to 10%+," Bracelin added. For investors, the implied upside in Oracle shares would come mainly from growth in Oracle Cloud, which is expected to soon surpass revenues from database software for the company. "Despite all the banter on cloud, the 1% CAGR in revenue and operating profits between F2012-F2022 made it easy to ignore ORCL. That may no longer be the case given Oracle Cloud could expand ~26% annually to reach $21.7B by F2025," read the note.

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