
Oracle Sues Crypto Oracle LLC over Trademark Infringement
Oracle filed a lawsuit against Crypto Oracle LLC for trademark violations, marking the second time the company has sued for similar issues.
Oracle filed a lawsuit against Crypto Oracle LLC for trademark violations, marking the second time the company has sued for similar issues.
According to Angus Tookey, Oracles remain the hidden backbone of the blockchain ecosystem, enabling the transfer of billions of dollars of value every day.
The company is also working on new features that will read and analyze financial data to create summaries and reports.
The Nasdaq saw a lower close as tech stocks fell after Oracle released figures that disappointed Wall Street.
Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense.
As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape.
Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26.
Oracle stock market has rallied about 50 percent YTD to trade around $122.22 during Wednesday’s after-hours.
Oracle delivered robust numbers for its cloud infrastructure services and is also working on generative AI. ORCL stock shot up by more than 6% on Monday.
Microsoft and AMD are working on an artificial intelligence (AI) chip with a code name Athena.
Chinese tech giant Huawei announced the replacement of its software system as a victory over US sanctions.
Although Oracle outperformed the consensus estimate for fiscal Q2 2022, the company provided a lighter-than-expected earnings forecast.
With the partnership, Pyth Network will continue to secure trading systems and expand its footprint from the more than $25 billion it has recorded to date.
Oracle CEO Safra Catz commented on the company’s fiscal 2022 Q4 earnings result. She acknowledged the performance noting that total revenue grew 10% in constant currency.
A successful IPO will give Ampere an opportunity for more cash infusion.