CNBC

Amazon leads Big Tech’s $1 trillion wipeout as AI bubble fears ignite sell-off

Big Tech companies have seen more than $1 trillion wiped from their stocks, with Amazon leading the pack in losses, according to FactSet data. Fears over AI spending sparked the sell-off. Microsoft, ...
Indiatimes

Oracle makes a public clarification on the deal that analysts say will be behind company laying off up to 30,000 employees: We remain highly...

Oracle is defending its substantial AI partnership with OpenAI amidst reports of potential job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI's funding ...
The Indian Express

Oracle says it’s ‘highly confident’ in OpenAI funding amid Nvidia ‘rift’ reports

Amid growing reports of a rift between OpenAI and Nvidia, cloud provider Oracle has sought to reassure investors of its strategic independence but without much success. Oracle’s stocks took a tumble ...
Hosted on MSN

Oracle clarifies ‘zero impact’ from Nvidia-OpenAI deal amid layoff reports, cloud investment plans — details

US-based technology giant, Oracle Corp., on Monday, 2 February 2026, issued a clarification via a social media post that the deal between other big tech giants like Nvidia and OpenAI has no impact on ...
Wall Street Journal

What Oracle Has to Lose From OpenAI and Nvidia’s Rocky Relationship

The likelihood that Nvidia NVDA2.33%increase; green up pointing triangle will be investing far less than $100 billion in OpenAI raises big questions for Oracle ORCL 2.48%increase; green up pointing ...
ndtvprofit

Oracle May Lay Off 20,000-30,000 Employees To Fund AI Data Centre Expansion: Report

Oracle is considering laying off about 20,000 to 30,000 employees. The multinational company is even mulling to sell off some of its activities, since banks in the US have pulled back from financing ...
Mint

Oracle to raise funds up to $50 billion for cloud infrastructure amid layoff reports — Here's what you need to know

US-based technology giant, Oracle Corp., is looking to raise between $45 billion and $50 billion in the year 2026, in an effort to build additional capacity for its cloud infrastructure investment ...
gadgets360

Oracle Reportedly Considering 30,000 Job Cuts to Fund AI Data Centre Expansion

Oracle is reportedly considering cutting between 20,000 and 30,000 jobs to fund its artificial intelligence (AI) data centre buildout. As per the report, several US banks have backed out of funding ...
Seeking Alpha

Oracle plans massive $50B debt-and-equity raise; shares up

Oracle (ORCL) on Sunday said it expects to raise $45B to $50B in 2026 to build additional capacity for its cloud infrastructure business. Shares in the software company rebounded to gain 4% after ...
Reuters

Oracle shares gain as $50 billion raise eases data-center funding fears

Feb 2 (Reuters) - Oracle (ORCL.N), opens new tab shares gained 2% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to ...
CNBC

Oracle rises after company announces $50 billion fundraising plans. Here's what's happening

Oracle stock rose 2% in Monday morning trading after the company announced on Sunday plans to raise $45 billion to $50 billion in the 2026 calendar year. The data center giant said on Sunday it ...