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Oracle co-founder Larry Ellison adopted a trading plan on June 22 permitting him to sell as many as 50 million shares, worth roughly $7.5 billion at current prices, through October 24. Even after a full sale, Ellison would retain about 1.1 billion shares and remain Oracle's largest shareholder with over 40% ownership.
Oracle has requested proposals for 2 gigawatts of renewable energy in New Mexico as it faces local protests and legal challenges over the $165 billion Project Jupiter data center it's building with OpenAI in Santa Teresa. The facility, part of the Stargate AI infrastructure initiative, will still run on natural gas-powered fuel cells rather than direct renewable power, and analysts note the renewable investment is a 'synthetic' match rather than a direct power source for the site.
The August consumer price index rose 0.4% month-over-month and 3.4% annually, matching analyst forecasts, while core CPI ticked up slightly more than expected at 0.3%. The reading follows Thursday's hotter-than-anticipated producer price index and a surge in crude oil to $6 a gallon, pushing traders to raise the odds of a quarter-point Fed rate hike next week above 70%. Stock futures rose Friday morning as investors weighed the data and looked to snap a four-session losing streak, with Oracle's earnings also drawing market attention.
Oracle reported fiscal first-quarter revenue of $19.35 billion, topping analyst expectations, with net income climbing 60% to $4.7 billion. The gains were driven by a 62% jump in cloud revenue, including a 121% surge in cloud infrastructure sales, prompting shares to rise more than 6% in premarket trading.
Oracle reported fiscal first-quarter results that topped Wall Street forecasts, with adjusted earnings of $1.92 per share and revenue of $19.35 billion, both above LSEG estimates. Revenue climbed nearly 30% year over year, driven largely by rapid growth in cloud infrastructure as Oracle pushes deeper into AI-related data center buildouts. The company raised its long-term outlook, now projecting $8.10 in adjusted earnings per share on at least $90 billion in revenue for fiscal 2027.
An instructor is launching a 12-week introductory course focused on quantum oracle engineering, teaching students how to build actual quantum circuits rather than relying on theoretical constructs. The course addresses a common gap in quantum computing education where oracles are often assumed to exist without demonstrating how to implement them.
In an Inside Java Podcast episode recorded at JavaOne 2026, Oracle Java Architect Ron Pressler discussed with host Nicolai Parlog why Java's often-criticized memory consumption is actually intentional. He argued that Java trades extra memory for reduced CPU cycles, a tradeoff enabled by its moving garbage collectors, which many leaner platforms cannot replicate.
A once-celebrated AI forecasting venture, hailed as a kind of digital oracle for predicting outcomes, has seen its fortunes reverse sharply after early acclaim gave way to setbacks. The coverage frames its trajectory alongside unrelated consumer and workplace stories, including homeowner disputes over mold and shifting employer expectations heading into November.
Public opposition to AI data centers has grown sharply since ChatGPT's 2022 launch sparked a computing boom, with communities pushing back against projects backed by Oracle, Meta, Google, Amazon and Microsoft, who plan to invest over $700 billion in U.S. data centers this year. The backlash has become significant enough to shape 2026 midterm election dynamics and prompted President Trump to publicly defend the industry.
Nvidia has informed top customers that server systems built around its Grace Blackwell and Vera Rubin AI chips will cost more than 15% extra when they ship early next year, according to a Bloomberg report. Contract manufacturers serving Microsoft, Google, and Oracle have already passed along the increases, which vary by chip generation and memory configuration.