
Oracle shares jumped more than 35% Wednesday after reporting exceptional cloud demand, projecting cloud infrastructure revenue to reach $18 billion in fiscal 2026 and grow to $144 billion within five years.
South Korea’s Kospi rose 0.65% and Kosdaq gained 0.39%. Australia’s ASX/S&P 200 dipped 0.19%. Hong Kong’s Hang Seng fell 1.19% and Hang Seng Tech dropped 1.3%. Mainland China’s CSI 300 opened 0.15% lower.
U.S. futures were mostly flat in early Asian trading ahead of August’s consumer inflation data due Thursday.
S&P 500 futures held flat in early trading today after record highs as markets await key consumer inflation data.
Nasdaq 100 futures rose 0.1% while Dow futures gained 0.09%. The S&P 500 reached all-time closing highs for a second straight day, driven by Oracle’s rally. Nasdaq finished slightly positive while the Dow dropped over 200 points.
Oracle shares jumped 36% on strong cloud business projections, marking its best day since 1992 and adding $244 billion in market value. The rally boosted other AI stocks including Broadcom, AMD and Micron, providing a bright spot in an otherwise weak market.
Japan’s Nikkei 225 hit a record high reaching 44,251 Thursday, following Wall Street gains on Fed-rate cut hopes and positive inflation data. SoftBank Group surged nearly 10% for a second consecutive day after a report that OpenAI secured a $300 billion cloud-computing deal with Oracle.
August CPI data is due today, with markets expecting a 0.3% monthly increase (2.9% annually), with core CPI rising 0.3% month-over-month and 3.1% year-over-year. This follows the PPI’s unexpected 0.1% decline, with a 2.6% yearly increase.
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