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- Oracle Surges on $30B Cloud Deal and Analyst Upgrade
Oracle Surges on $30B Cloud Deal and Analyst Upgrade
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Oracle Surges on $30B Cloud Deal and Analyst Upgrade
Oracle rose 4% to 218.63 after CEO Safra Catz announced a cloud deal expected to generate $30B annually by FY28. Stifel upgraded ORCL to buy with a $250 target. Shares jumped 32% in June, driven by strong earnings and AI-related cloud momentum.
Meta Hits Record High as AI Superintelligence Lab Launches
Meta stock rose 0.6% to a record $738.09 after CEO Mark Zuckerberg announced a new "superintelligence" AI lab led by Scale AI’s Alexandr Wang. Meta has poached multiple OpenAI researchers and plans $68B in 2025 capex. Shares are up 27% YTD after a strong recovery.
Plug Power Surges on Hydrogen Tax Credit Extension
Plug Power stock jumped 28.5% after the Senate's version of the "Big, Beautiful Bill" extended hydrogen tax credits through 2028. Despite stagnant sales and cash burn, the provision boosted investor optimism across hydrogen stocks.
🪙 Crypto
First U.S. Staked Crypto ETF to Launch with Solana Exposure
REX Shares will debut the REX-Osprey Solana and Staking ETF on Wednesday, offering direct SOL exposure with staking rewards. Backed by SEC-reviewed C-Corp structure, the launch sparked a 6% SOL price jump, lifting its market cap to $83.5B.
🌎 Global Economy
Ceasefire Lifts Asia Stocks, Damps Dollar
Asian equities rose as a tenuous Israel-Iran ceasefire eased energy shock fears. Brent crude rebounded to $67.97, while the two-year US Treasury yield hit a 1.5-month low at 3.787%. The dollar neared a 4-year low vs the euro, which climbed to $1.1612.