Includes major US listed cloud computing service providers. These companies provide IAAS, SAAS, and PAAS services, infrastructure, and solutions for companies and individuals, enabling them to quickly deploy and manage their own operations, applications, and systems. Cloud computing is a significant investment opportunity for its potential cost savings. By moving IT infrastructure to the cloud, companies can reduce capital expenditures on hardware and software and only pay for the services they use, freeing up resources to invest in other areas such as research and development or marketing. Increasing demand for storage and processing power is driving the growth of cloud computing. As more businesses move to digital platforms and adopt technologies like AI, the amount of data being generated is growing exponentially. Cloud computing offers a scalable solution to handle this data.
The S&P 500 and NASDAQ rose 0.25% and 0.81%, respectively, both hitting record closing highs, while the DJIA finished 0.28% lower after giving back earlier gai...
$Oracle (ORCL.US)$ and $Broadcom (AVGO.US)$ are expected to deliver strong results driven by demand for artificial intelligence. Meanwhile, $Adobe (ADBE.US)$ might experience a delay before its AI initiatives significantly impact its earnings.
Oracle is scheduled to report earnings on Monday. According to Bloomberg Intelligence, $Oracle (ORCL.US)$ is projected to see an 8.3% growth in constant-currency sale...
Market sentiment is optimistic with Oracle earnings with a possible sizable swing in ORCL stock price after the earnings.
The earnings per share for November-ending quarter is expected to come in at $1.48 which is an increase of 10.4% from the year-ago period. Meanwhile, revenue is projected t...
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