Oracle (ORCL) news
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Oracle in the desk's market notes
- EU Market Open: Risk on after Trump pushed back on reports of US strikes on Iran before the midterms
US stocks were somewhat mixed with most major indices in the red, although the declines were predominantly driven by technology, and underlying market breadth remained positive. The Nasdaq underperformed, while the equal-weight S&P 500 gained, potentially reflecting some rotation out of highly valued technology stocks…
- US Market Open: Iran receives US feedback on the seven-point proposal; AUD lags post-CPI while DXY eyes PCE
US Democratic Lawmaker Raskin has reportedly sent letters Amazon (AMZN), Google (GOOGL), Meta (META) and Oracle (ORCL), requesting information regarding NDAs signed with government officials in relation to AI data center projects, according to the WSJ.
- EU Market Open: APAC stocks were ultimately mixed, with US-Iran showing little progress; European equity futures indicate a positive cash market open
US stocks were mixed, with most major indices in the red although the tech-heavy Nasdaq 100 outperformed and closed with gains as Oracle saw strength amid reports that OpenAI's annual recurring revenue is reportedly close to USD 70bln, a steep increase from earlier reports of an annualised run rate over USD 40bln by…
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