Тhe Federal Bureau of Investigation (FBI) is investigating a cyberattack on Oracle, which led to the theft of patient data. This event undoubtedly impacts financial markets, considering Oracle's role as one of the largest providers of technology solutions in the healthcare sector.
Oracle demonstrates strong confidence in the future of advanced computing and cloud services, driven by the rapidly growing demand for artificial intelligence. The company has announced an optimistic revenue forecast that outpaces analyst expectations, reflecting its strategic investments and technological developments.
The joint venture Stargate brings together the efforts of major tech players — OpenAI, $SFTBY , and $ORCL — to create specialized artificial intelligence (AI) data centers in the United States. This strategic collaboration, exclusively aimed at supporting OpenAI, the developer of the popular ChatGPT, showcases the companies' desire to strengthen their positions in the AI technology market and secure resources for scaling their operations.
On Wednesday, $ORCL stock surged nearly 9% on the Frankfurt stock exchange. This dramatic rise was sparked by a statement from U.S. President Donald Trump, who announced Oracle’s plans to make significant investments in artificial intelligence infrastructure in collaboration with global tech leaders like OpenAI and $SFTBY. These developments also supported a 3% rise in Oracle shares in after-hours trading on Tuesday, building on the 7% gain during the regular trading session.