Jefferies says Oracle’s sell-off may be overdone ahead of earnings, expects stock to double

Oracle's year-to-date slump may be excessive and the stock should more than double from here, according to Jefferies. Ahead of Oracle's fiscal third-quarter earnings release on Tuesday, the bank stood ...

Larry Ellison’s Oracle slashing thousands of jobs due to AI cash crunch: report

Investors have grown worried about how it would fund the data center expansion needed to serve OpenAI and other customers, including Elon Musk’s xAI and Meta.