Stephens said it is positive about Oracle’s large market share in key parts of the back office software value chain and its increasing mix of strategic and growing applications but is wary about valuation.
UBS said the setup going into Oracle’s third-quarter print, given the stock’s 17% decline over the past three weeks, solid channel checks and a pending lift from Stargate.
The company said the prospects for AI are strong, as it extends AI from the largest cloud service providers into the enterprise at scale and out to the edge with the PC.
Global smartphone shipments increased 2.4% in Q4 of 2024, marking 6th consecutive quarter of growth. Chinese vendors drove market with affordable devices.
Apple Inc's smartphone sales declined 0.3% year over year in Q3, but regained No. 2 spot in China. Huawei and Xiaomi also saw gains. Apple met with China's IT minister.
The EU accuses Microsoft of anti-competitive behavior by bundling Teams with Office, giving it an unfair advantage over competitors like Slack and Zoom.
Apple shares dropped 1.9% after the WWDC 2024. The event introduced "Apple Intelligence," a generative AI update in iOS 18, enhancing Siri and privacy features. Apple also partnered with OpenAI to bring ChatGPT to its devices and expanded Vision Pro availability to eight more countries.
The world's largest software maker, Microsoft, reported strong third-quarter fiscal 2024 results, beating earnings and revenue estimates. Investors could tap into the opportunities in this software leader through these ETFs in the space.
