TREE NEWS reports: US stocks opened higher, with the Nasdaq up 0.8% and the S&P 500 up 0.8%, as Oracle climbed about 7% after reporting first-quarter revenue of $19.3 billion, up 30% year-on-year, with cloud infrastructure revenue surging 121%. Memory chip stocks gained broadly, including SK Hynix up 2% and Western Digital up 2%, while optical communication names rose, led by Coherent up 5% and Lumentum up 4%. The moves followed data showing US August core CPI rose more than expected month-on-month, reinforcing the case for tightening.
Oracle Jumps 7% as Nasdaq Gains 0.8% on Strong Cloud Revenue
AI take
The striking detail is the divergence: a hot core CPI print would normally pressure rate-sensitive growth names, yet the AI-infrastructure complex rallied anyway. Oracle's cloud surge and the broad strength in memory and optical names suggest the market is treating AI capex as a cycle with its own momentum, distinct from the macro rate path. Whether that decoupling holds if tightening expectations firm further is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2m ago
China’s Ministry of Natural Resources Meets Mining Ministers at 2026 China Mining Conference
4m ago
Dell Technologies Extends Gain to 10%
5m ago
Situational Awareness Resumes Options Buying, Including SK Hynix: Report
9m ago
Meta Meets European Credit Investors in Non-Deal Roadshow
13m ago
Michigan Survey: Views on Trump Economic Policy Worsened ~10% This Month
14m ago
US Consumer Sentiment: Most Expect Higher Rates as Fed Fights Inflation