Nasdaq
Larry Ellison Nixes Plan to Offload Up to $7.5 Billion of Oracle Stock
Oracle co-founder and chairman Larry Ellison canceled a plan to sell up to $7.5 billion worth of Oracle shares, days after the company's cloud infrastructure revenue more than doubled.
Bullish signal for Nasdaq / Oracle specifically NasdaqNasdaq Loses 0.7% for the Week as Oil Spike and Fed Fears Offset Meta and Apple AI Optimism
The Nasdaq fell 0.7% and the Dow dropped 1.6% for the week as crude oil's surge above $100 and rising Fed rate-hike odds weighed on equities, even as Meta and Apple's AI announcements drew bullish analyst attention.
Bearish-to-mixed for Nasdaq broadly, selectively bullish for AI mega-caps NasdaqOracle Posts 30% Revenue Growth on AI Cloud Demand as Debt Load Hits $125 Billion
Oracle beat first-quarter earnings estimates as cloud infrastructure revenue more than doubled on AI demand, even as the company's debt load climbed to $125 billion to fund data center expansion.
Bullish for Nasdaq (near-term), watch debt load as a longer-term risk NasdaqTSMC Posts Record August Revenue, Up Over 53%, as AI Chip Demand Stays 'Extremely Robust'
Taiwan Semiconductor Manufacturing Co. reported record monthly revenue of NT$514.8 billion ($16.35 billion) for August, up 53.3% year-over-year, as AI-related chip demand kept advanced nodes fully booked.
Bullish for Nasdaq / AI chip supply chain