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Oracle (ORCL) reported fourth quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $2.11 (compared to analyst estimates of $1.97), and adjusted revenue came in at $19.18 billion (compared to analyst estimates of $19.09 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers.
Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower. The S&P 500 dropped 1.6% Wednesday after giving up a brief modest gain in the morning. The index had its first back-to-back drop in three weeks.
Global stock markets mostly fell on Wednesday as fresh strikes in the Middle East, a jump in US inflation and a tech sell-off weighed on sentiment.While the headline figure jumped, the core reading that excludes energy prices that have surged due to war in the Middle East, held steady at 2.9 percent.
Renewed attacks against Iran and another hot inflation reading sent stocks tumbling on Wednesday.
Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also raise more debt in 2027, reflecting the staggering scale of cash burn needed to build out its AI infrastructure. Its shares fell 8.9% in extended trading, after Oracle said it expects to raise nearly $40 billion through a combination of debt and equity financing in 2027. Oracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to position itself as a major rival to cloud leaders such as Amazon.com and Microsoft.
By Caroline Valetkevitch and Joel Jose June 10 (Reuters) - The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares extending recent declines and with renewed tensions
The stock market unwind dinged even the Dow on Wednesday after consumer price inflation met expectations and oil prices jumped. The blue-chip index fell 953 points, or 1.9%. “Tech is taking it on the chin again (now 2 out of the last 3 days) as people continue to de‑risk AI exposure across the board,” writes Mizuho’s Daniel O’Regan.
By Caroline Valetkevitch and Joel Jose June 10 (Reuters) - All three major U.S. stock indexes were down more than 1% on Wednesday afternoon, with chipmaker shares extending recent declines and with
<body><p>STORY: "Investors appear to be making some room in the portfolio," said Adams.</p><p>"There is big issuance coming around the corner and, certainly, it does look like investors are saying, 'I'd like to have a piece of this issuance,' not only of SpaceX but maybe Open AI and Anthropic as they come to market later this summer," she added.</p><p>She also points to gains in healthcare, consumer stocks and industrials as investors rotate into sectors that lagged in April and May.</p></body>
OpenAI (OPAI.PVT) is the latest private AI company to file for a mega-IPO, putting its public launch in direct competition with Anthropic's this fall. OpenVC founder and CEO David Shapiro compares the two pre-IPO companies. SpaceX (SPAX.PVT) is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.
Investing.com -- Pfizer shares may have found a more balanced risk-reward profile after a sharp decline this year, prompting RBC Capital Markets to upgrade the drugmaker to Sector Perform from Underperform while maintaining its $25 price target. The brokerage said the stock's roughly 11% pullback from its 2026 highs has brought valuation in line with its expectations, reducing the downside risks it had previously highlighted.
Investing.com -- Illumina received a bullish rating upgrade from JPMorgan, which raised its recommendation to Overweight from Neutral and lifted its December 2026 price target to $185 from $125, citing growing confidence in the DNA sequencing company's ability to sustain strong growth despite increasing competition.
New data center agreement highlights India's growing role in the AI infrastructure race.
Splashy initial public offerings often skyrocket early on, only to return to earth with a thud, Wall Street analysts say.
Elon Musk unveiled a more detailed look at an early version of an AI data-center satellite that SpaceX plans to build, offering new insight into one of the most ambitious projects underpinning the company's expected record initial public offering. Musk...
Morgan Stanley’s chief investment officer says inflation could remain stubbornly elevated and suggested allocations to commodities and large-caps with pricing power.
If your crowd likes to talk stocks, chances are the group chat has been busy lately: The SpaceX IPO might be the hottest topic with retail investors since shares of Nvidia began their rocket ride to a $5 trillion market cap.
Oracle (ORCL) heads into its next earnings release on June 10 with plenty of reasons for investors to be concerned. The company has become one of Wall Street’s greatest bets on artificial intelligence infrastructure, but that has also elevated the stakes. Oracle is pouring money into growing its ...
Concerns around inflation and artificial intelligence spending will likely continue to fuel market v
Chewy Inc (CHWY) reports a 7.7% increase in net sales and a record adjusted EBITDA margin, despite facing a challenging consumer environment.
Timotheus Höttges transformed Deutsche Telekom by doubling down on America’s maverick brand, T-Mobile. His final test is a $300 billion-plus deal.
By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) - General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle
Goldman Sachs and Morgan Stanley stand to collect underwriting, trading, and advisory fees as a wave of AI-related IPOs—including SpaceX, OpenAI, and Anthropic—heads to market.
Bloomberg's Anthony Hughes joins Matt Miller on "Bloomberg Deals."- Super Micro Computer plans to raise $7 billion through a package of equity offerings to purchase the components needed to fulfill customers' orders for the company's AI servers.
FCEL's Q2 loss widens as service and generation softens, but more than $1.1B backlog and data-center pipeline surge keep focus on growth.
Investing.com -- The Justice Department has issued subpoenas to several major U.S. banks, including JPMorgan Chase and Bank of America, requesting information about whether they improperly closed customer accounts for political reasons, according to a Wednesday report by the Wall Street Journal.
The rocket maker goes public on Friday.
Shoppers who use AI bots powered by OpenAI to buy products will have their purchases secured by Visa’s network, security infrastructure and credentialing capabilities, the payments company said.
President Donald Trump's administration has awarded Oracle a contract to provide a U.S. government-wide HR platform, according to a statement, making the company a partner in its effort to overhaul federal technology systems. Oracle will provide a cloud-based HR platform to replace the individual systems of agencies, Office of Personnel Management Director Scott Kupor said in a statement on Wednesday. OPM is the federal government's HR office. OPM did not provide the total value of the contract.
Rocket Lab and AST SpaceMobile will benefit from the soaring interest in space stocks.
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