Microsoft reportedly did not renew some of its AI computing power lease agreements with Oracle in recent months and has gradually shut down the related resources, because the server chips are from an older generation and no longer meet its technical specifications. Oracle said the older generation of GPU remains in demand.
Market reports say Oracle has launched a six-tranche USD investment-grade bond offering, with a financing size of 20000000000 USD, including 10000000000 USD in equity financing; shares fall premarket 1%。
BlockBeats, citing TradingBeats, stated that 0xefe4 an address beginning with has continued to short NVIDIA and Oracle in batches, with the short positions having a combined notional value of approximately 10420000 USD, and was still increasing its positions in the afternoon.
At Oracle's Investor Day, the company provided guidance on cash flow, capital expenditures, and financing, alongside multiple AI partnerships, driving shares up approximately 11%. The market will focus on declining capital expenditures, order conversion, and progress toward positive cash flow.
Oracle announced its long-term financial targets, expecting 2029 fiscal-year free cash flow to reach at least 30000000000 USD,2030 fiscal-year revenue target of more than 225000000000 USD. After the announcement, its share price at one point rose 9.60%。
BlockBeats reported that Oracle, on October 28 launched an artificial intelligence data platform for the large-scale deployment of enterprise artificial intelligence.
Oracle and NetApp announced an expanded partnership and plan to launch a cloud storage service integrated into OCI. TradingBeats monitoring shows that ORCL was trading at 139.4 USD,24-hour gain of 4.8%。