Oracle Expands Partnership with Google Cloud for AI Data Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy ORCL?
Source: seekingalpha
- Partnership Expansion: Oracle has announced an expansion of its partnership with Google Cloud, launching the Oracle AI Database Agent to provide enterprise customers with a simpler way to manage data using natural language, thereby enhancing customer experience and accelerating cloud migrations.
- New Features Launched: Oracle AI Database@Google Cloud will offer new capabilities and broader regional availability, with global organizations like Worldline leveraging these features to drive innovation and enhance market competitiveness.
- AI Application Enhancement: By applying AI directly at the database layer, customers can improve data processing accuracy and controls while using models more efficiently without exposing sensitive data, thus reducing complexity.
- Positive Market Reaction: Oracle's shares jumped 3% in premarket trading to $186.83, reflecting investor optimism regarding the company's new partnership and its potential for business growth.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 176.280
Low
180.00
Averages
309.59
High
400.00
Current: 176.280
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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