Big Short's Micheal Burry Makes Sharp U-Turn With JD.Com, Alibaba Buys After Calling Hong Kong Stocks 'Flawed'

Michael Burry, known for his 2008 financial bets, invests in Chinese stocks JD.com and Alibaba, citing attractive valuations ...
CNBC

Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle is conducting a round of layoffs, two people familiar with the move told CNBC. The layoffs were in the thousands, the people said. The software maker has continued to increase spending on data ...
Bloomberg L.P.

Oracle Agrees to Buy Power From Bloom for AI Data Centers

Oracle Corp. agreed to purchase as much as 2.8 gigawatts of fuel-cell power from Bloom Energy Corp. to supply data centers for artificial intelligence work. An initial 1.2 gigawatts of capacity has ...
Inc

Why Oracle Is Cutting 30,000 Jobs Despite a Massive $6 Billion Quarterly Income

Oracle is joining a growing wave of tech companies cutting jobs as they pour billions into artificial intelligence. This morning, the company began implementing sweeping layoffs across multiple ...
The Motley Fool

Alphabet vs. Oracle: Here's What the Debt Market Is Saying

Debt markets show more concern for Oracle's default risk than Alphabet's. Equity markets are wary of Oracle and Microsoft's exposure to OpenAI. Well-funded leaders like Alphabet may be safer ...
Forbes

Oracle Lays Off 30,000 As AI Spending Surges

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Oracle Fired 30,000 People by Email. The Same Quarter, It Posted Record Revenue and a $553 ...
SFGate

Oracle reportedly blindsides staff with emailed layoffs, more than 150 from Bay Area

LATEST April 2, 3 p.m. More than 150 workers from Oracle’s Pleasanton campus at 5815 Owens Drive will be included in companywide layoffs, according to a WARN notice sent to the California Employment ...
AOL

Outrage as Oracle files thousands of foreign-worker requests amid layoff bloodbath

As thousands of Oracle employees awoke on Tuesday to an email informing them they were being laid off, the workers likely didn’t know the tech company had been busy trying to hire foreign staff.
The Motley Fool

Oracle's Credit Risk Is At an All-Time High, Due to Heavy Investment in AI. Should Investors Be Concerned?

Massive AI spending is driving AI infrastructure growth, but also pushing up debt. Strong margins and a $553 billion backlog support long-term upside, but execution risks are high. The shift in ...