Oracle Soars on Strong AI Cloud Sales; Campbell’s Cuts Outlook; Nvidia Invests $2 Billion to Nebius
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) shares soared in early trading after the software and cloud services company reported strong sales and issued an outlook that suggests little letup in demand for AI computing.
- Campbell’s (CPB) cut its profit outlook to the lowest in a decade as consumers eschew chips and pretzels while supply constraints are weighing on sales of freshly baked goods.
- Nvidia (NVDA). will invest $2 billion in Nebius Group (NBIS) as part of a strategic partnership to develop and build artificial intelligence data centers, as the world’s most valuable firm continues to pour money into companies that buy its chips.
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