Oracle

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Founded1977

Key PeopleSafra Catz, Larry Ellison

HeadquartersAustin, USA

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AI Slump Wipes $62 Billion from Tech Billionaires as Software Stocks Crater

Software billionaires have lost at least $62 billion this year as fears surrounding artificial intelligence trigger a massive selloff. Larry Ellison dropped nearly $40 billion while AppLovin's CEO Adam Foroughi saw his fortune plunge from $27 billion to $17.3 billion. The crash accelerated after Anthropic released an AI tool that automates legal work, sparking $285 billion in market losses.

Business3 sources

AI Slump Wipes $62 Billion from Tech Billionaires as Software Stocks Crater

Business3 sources

AMD revenue forecast disappoints investors despite strong AI chips sales and China boost

AMD reported fourth-quarter earnings that beat Wall Street estimates with revenue rising 34% to $10.3 billion, driven by its data center business and AI chip sales. But the company's first-quarter revenue forecast of $9.8 billion, while above consensus, fell short of some investor expectations who sought bigger AI gains. Shares tumbled 13% as concerns emerged about AMD's ability to compete with Nvidia in the booming AI market.

Business12 sources

AMD revenue forecast disappoints investors despite strong AI chips sales and China boost

Business12 sources

Oracle weighs cutting up to 30,000 jobs to fund $156 billion AI data centre expansion

Oracle is considering layoffs of 20,000 to 30,000 employees to fund its aggressive AI data centre buildout, according to TD Cowen research. The job cuts could free up $8-10 billion in cash flow as US banks withdraw funding support and investor concerns mount over the company's ability to finance its massive AI push.

Business3 sources

Oracle weighs cutting up to 30,000 jobs to fund $156 billion AI data centre expansion

Business3 sources

Oracle unveils $50 billion AI funding plan as investors worry about mounting debt and OpenAI exposure

Oracle announced plans to raise $45 billion to $50 billion in 2026 through a combination of debt and equity sales to expand cloud infrastructure for AI workloads. The software giant kicked off a $20-$25 billion bond sale, but shares fell 4% as investors expressed concerns about its rising debt load and heavy reliance on OpenAI's ability to meet financial commitments.

Business11 sources

Oracle unveils $50 billion AI funding plan as investors worry about mounting debt and OpenAI exposure

Business11 sources

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