Oracle launched $20 billion in debt and equity offerings on Monday, November 2, just five days after promising investors it would limit additional capital-market fundraising through fiscal 2030. The speed of the move sent its shares sharply lower, bringing renewed attention to the cost of financing its artificial intelligence infrastructure expansion. The company filed to
Silver prices enter the first week of November below $50 an ounce after COMEX December futures settled at $49.276 on Friday, October 30, down 5.93% for the session and approximately 18.34% for October. The decline leaves traders facing two potential market-moving events this week: the US midterm elections on Tuesday, November 3, and the October
Meta stock closed Friday, October 30, at $614.99, down 1.53%, before S&P Global Ratings announced that it had revised the company’s credit outlook from stable to negative while affirming its AA- rating. The decision places fresh scrutiny on Meta Platforms’ artificial intelligence spending and whether the company can generate enough cash from those investments to
Nvidia (NASDAQ: NVDA) shares fell 5.3% in regular trading on Friday, October 30, as a broader semiconductor selloff intensified following disappointing guidance from Intel and fresh concerns about the financial returns on artificial intelligence infrastructure spending. The decline extended beyond the initial premarket reaction, when Nvidia was down 2.9%, Broadcom fell 3.8% and AMD lost
Google stock (GOOG) fell 13.18% to $279.47 within minutes of Thursday’s open, a drop of $42.42 a share that strips roughly $522 billion from a market value now at $3.44 trillion. The fall came the morning after Alphabet reported third-quarter revenue of $127.58 billion, up 25%, and cloud revenue of $30.71 billion, up 103%. Neither
Micron Technology (NASDAQ: MU) shares climbed on Wednesday after SK hynix reported record third-quarter earnings and said its dynamic random-access memory (DRAM) and high-bandwidth memory (HBM) output was effectively sold out through 2029. The announcement strengthened the outlook for a memory market where artificial intelligence infrastructure spending is driving demand faster than suppliers can expand
Lumentum Holdings (NASDAQ: LITE) shares extended their rebound on Tuesday, October 27, closing at approximately $866, up about 5.8%, after gaining 8.19% in the previous session. StoneX’s new Buy rating and $1,200 price target helped revive interest in AI-optics stocks, but the rally is approaching a more consequential test: Lumentum’s fiscal first-quarter results, scheduled for
Tesla stock jumped about 5% on Monday, October 26, closing near $392 after Barclays upgraded the electric-vehicle maker to Overweight from Equal Weight and raised its price target to $450 from $370. Analyst Dan Levy identified a potential combination with SpaceX as a key part of Tesla’s bullish investment case, arguing that a transaction could
The Federal Reserve goes into Wednesday’s rate decision with almost none of the suspense markets were pricing a month ago. A Reuters poll conducted October 16-20 found 94 of 100 economists expect the Fed to leave its target range unchanged at 3.75%-4.00% on October 28. All 100 expect a rate increase at the December meeting.
Western Digital stock closed at $343.67 on Friday, down $10.52 or 2.97%, completing the first full trading session after a quarter in which the storage company beat earnings expectations and guided well above consensus. That makes the tape more interesting than the earnings headline. Western Digital initially rose about 4% after reporting results Thursday evening,