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Oracle Soars on AI Ambitions and Cloud Growth Surge

Oracle ( ORCL ) is riding high after releasing fiscal fourth-quarter results that exceeded Wall Street expectations and unveiling aggressive growth targets for the year ahead. On Thursday morning, the tech giant’s stock surged over 13%, becoming the top performer in the S&P 500, with shares trading above $201—an all-time high. CEO Safra Catz struck a confident tone, forecasting “dramatically higher” revenue growth in fiscal 2026, powered by explosive demand for AI-focused cloud infrastructure.   A Strong Finish to Fiscal 2025 Oracle closed out its fiscal 2025 on a high note. The company reported adjusted earnings of $1.70 per share, beating analysts’ expectations by six cents. Revenue rose 11% year-over-year to $15.9 billion, marking its first quarter of double-digit growth in two years. The standout performer was Oracle’s cloud infrastructure unit, which saw sales jump 52% compared to the same period last year. This performance helped lift investor sentiment, especially after ...

Boeing, GE Aerospace Stocks Tumble Following Fatal Air India Dreamliner Crash

Shares of Boeing Co. ( BA ) plunged nearly 5% Thursday after one of its 787-8 Dreamliners operated by Air India crashed shortly after takeoff from Ahmedabad, India.  The aircraft, bound for London with 242 passengers and crew, went down just minutes into the flight. Local authorities confirmed there were no survivors. The crash marks the first fatal accident involving a 787 Dreamliner since the aircraft entered commercial service in 2011. Until now, the wide-body jet had maintained a spotless record on fatal incidents. Boeing, already reeling from years of scrutiny over the troubled 737 Max program, is now once again in the regulatory spotlight. Boeing’s stock fell as much as 8% in pre-market trading before recovering slightly. The drop translates to a market value decline of over $10 billion in just a few hours. GE Aerospace ( GE ), which supplied the GEnx-1B engines used on the downed aircraft, also saw its shares fall by over 4%, erasing billions in value. Mounting Pressure on B...

SailPoint Surges as Strong Earnings and Upbeat Outlook Signal Renewed Growth Momentum

Shares of SailPoint Technologies ( SAIL ) surged more than 16% Wednesday. The identity security company delivered a standout fiscal first-quarter report that beat Wall Street expectations and raised its full-year outlook. The stock, which has hovered around its IPO price of $23 since its February debut, jumped to $22.94 in early trading—its highest level since the offering. The company reported a modest adjusted profit of 1 cent per share on $230.5 million in revenue, outpacing analysts’ forecast of a 1-cent loss and $225 million in sales. More notably, SailPoint’s annual recurring revenue (ARR), a key gauge of performance in the software-as-a-service (SaaS) sector, climbed to $925 million—well ahead of internal projections and marking a 30% year-over-year increase. SaaS ARR alone surged 39% to $574 million, underscoring growing demand among large enterprises for automated identity security tools amid mounting cybersecurity threats. Fortune 500 Demand and Platform Expansion Power Growt...

Chewy Beats the Street, But Shares Slide as Growth Outlook Disappoints

Chewy Inc. ( CHWY ), the online pet-supply giant, reported first-quarter earnings that outpaced Wall Street expectations, underscoring continued strength in its e-commerce operations. Adjusted earnings per share came in at 35 cents—comfortably above consensus estimates of 34 cents and well within the company’s own guidance of 30 to 35 cents. Net sales rose 8.3% year-over-year to $3.12 billion, exceeding both analyst expectations of $3.08 billion and Chewy’s upper range projection of $3.09 billion. CEO Sumit Singh praised the results, citing growth in both customer count and spending per customer, as well as positive free cash flow and profitability. The retailer added nearly 800,000 customers over the past year, pushing its active customer base to over 20.7 million. These customers spent an average of $583 annually, about 4% more than the year before. The company’s Autoship program—which lets pet owners schedule regular deliveries—was a major driver of performance. Autoship sales jumpe...

Quantum Leap: Nvidia Signals Turning Point for Quantum Computing

AI and quantum technology are colliding — and investors are taking note. A New Chapter for Quantum Computing In a keynote that’s sending ripples through the tech and investment worlds, Nvidia ( NVDA ) CEO Jensen Huang declared that quantum computing is finally “reaching an inflection point.” Speaking at the company’s GTC Paris developer conference, Huang told a packed auditorium that we are “within reach” of applying quantum computers to real-world problems — a major shift from his earlier, more cautious outlook. “Quantum computing is reaching an inflection point,” Huang said, echoing a sentiment that has electrified markets and invigorated an emerging sector long viewed as being on the distant horizon. Quantum computing leverages quantum bits, or qubits, which, unlike classical bits, can exist in multiple states simultaneously. This unlocks the potential for machines capable of solving immensely complex problems in fields ranging from chemistry and cryptography to finance and pharmace...

Tesla Stock Rebounds as Robotaxi Launch Nears and Trump-Musk Feud Fades

Tesla ( TSLA ) shares are rebounding sharply this week, lifted by renewed optimism over the company's self-driving taxi ambitions and a cooling public spat between CEO Elon Musk and President Donald Trump.  On Tuesday, Tesla stock rose nearly 6% to close at $326 — its third consecutive day of gains — as signs mounted that the long-awaited robotaxi launch in Austin is imminent. Tesla is now officially listed as an autonomous vehicle operator by the city of Austin’s Transportation and Public Works Department. This regulatory green light comes just days ahead of the reported June 12 launch of the company's first driverless taxi service, a milestone investors hope will usher in a new era for the electric-vehicle pioneer. The autonomous taxi service is expected to begin modestly, with a fleet of 10 to 20 Teslas operating on city streets, backed by human teleoperators ready to intervene remotely when necessary. The cautious start reflects Tesla’s effort to ensure safety amid broader ...

Casey’s General Stores Hits Record High on Strong Earnings, Dividend Hike

Casey’s General Stores ( CASY ) surged to a new all-time high this week. The Iowa-based convenience store chain posted better-than-expected fourth-quarter earnings, raised its dividend, and delivered its most profitable fiscal year on record. The strong showing reinforced investor confidence in the company’s expansion strategy and operational discipline, even in a challenging retail landscape. A Record Year for Revenue, Earnings, and Expansion Casey's reported fiscal fourth-quarter earnings per share of $2.63—about 35% above analyst expectations. Total revenue climbed 11% year-over-year to $3.99 billion, marking the company’s second consecutive quarter of double-digit revenue growth. For the full fiscal year ending April 30, 2025, Casey’s generated nearly $16 billion in revenue and posted net income of $546.5 million, with annual EPS reaching $14.64, a 9% increase from the prior year. The company also made its largest acquisition to date with the $1.1 billion purchase of Fikes Who...