Oracle surges as annual revenue growth outlook tops estimates amid solid AI demand

Shares in Oracle (NYSE:ORCL) spiked in early U.S. trading on Tuesday after the computer technology group unveiled a forecast for revenue growth in its 2025 fiscal year (FY25) that topped estimates, in a sign of solid demand for its artificial intelligence cloud services. The firm also said it had struck two new partnerships with ChatGPT-maker […]

Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project

Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware makers will provide servers to help his artificial intelligence startup xAI develop a supercomputer. “Dell is assembling half of the racks that are going into the supercomputer that xAI is building,” Musk said in an X post, adding that Super Micro will also be […]

Australia home prices continue to climb, Sydney back at record high

Australian home prices climbed at a brisk pace in May, posting the largest monthly gain since October, as a sustained squeeze on supply of affordable homes in most major capital cities continued to push prices up nationwide, data showed on Monday. Figures from property consultant CoreLogic showed national home prices rose 0.8% in May, the […]