Oracle (NYSE: ORCL) crashed as much as 14% on Thursday morning after the legacy technology company raised its guidance for AI spending, even as revenue fell short of expectations in its fiscal Q2. The... ...

James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market ...

Group 1 - The article discusses the expertise of James Foord, an economist with a decade of experience in analyzing global markets, and his leadership role in The Pragmatic Investor, which focuses on building diversified investment portfolios [1] - The Pragmatic Investor covers various sectors including global macro, international equities, commodities, technology, and cryptocurrencies, aiming to guide investors at all levels [1] - Features of The Pragmatic Investor include a dedicated portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor interaction [1]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

北京时间12月12日凌晨，美股周四午盘走势分化，道指创盘中历史新高，纳指下跌220点。甲骨文拖累 科技股走低。尽管昨日美联储降息一度提振市场，但甲骨文的财报重新引发了市场对科技股估值过高的 担忧。 道指涨535.00点，涨幅为1.11%，报48592.75点；纳指跌227.06点，跌幅为0.96%，报23427.09点；标普 500指数跌20.70点，跌幅为0.30%，报6865.98点。 周四早间，道指最高上涨至48661.94点，创盘中历史新高。 甲骨文股价重挫14%。这家云计算公司公布季度营收不及预期，并上调了支出预期，引发对其债务状况 的更大担忧，导致其股价暴跌13%。 甲骨文公司的财报与上调开支预期，进一步加剧了关于科技公司能在多快时间内从人工智能（AI）投 资中获得回报的争论。包括包括英伟达和AMD、CoreWeave等在内，其他人工智能概念股也普遍走低。 科技股板块的下跌，抑制了前一交易日积累的上涨动能。此前，周三美联储在内部意见分歧的情况下宣 布今年第三次降息，并排除了加息的可能性，推动美股收高，标普500指数收盘仅差毫厘便创下新高。 北京时间12月12日凌晨，美股周四午盘走势分化，道指创盘中 ...

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or a ...

Group 1: Cruise Industry Performance - Cruise spending remains strong, with a year-over-year increase of 11.2% in November, while total travel spending fell by 2.0% [2] - Major cruise lines such as Royal Caribbean Cruises (RCL), Norwegian Cruise Line Holdings (NCL), and Carnival (CCL) saw stock increases of 5.5%, 5%, and 4.5% respectively, indicating positive market sentiment [1] Group 2: Oracle's Financial Performance - Oracle's stock dropped nearly 14% after reporting fiscal second-quarter revenue of $16.06 billion, which, despite being a 14% increase from the previous year, fell short of analysts' expectations [5][28] - The company achieved a record backlog of $523 billion due to new agreements with AI companies like Meta Platforms (META) and Nvidia (NVDA), but concerns about reliance on a few large customers persisted [4][28] Group 3: Micron Technology's Growth - Micron Technology's shares have surged over 200% this year, reaching record highs as analysts raise their price targets, driven by increasing demand for advanced memory chips used in AI applications [15][16] Group 4: Eli Lilly's Drug Trial Results - Eli Lilly's shares rose 2.5% following positive Phase 3 trial results for its obesity drug retatrutide, which showed significant weight loss and improvements in physical function for patients with knee osteoarthritis [24][25][26]

Core Insights - Oracle's second-quarter fiscal 2026 results showed mixed performance, with shares dropping 11% pre-market despite strong cloud growth and a record backlog [1] - Total revenues reached $16.1 billion, a 14% increase in U.S. dollars, but fell short of estimates by 0.55% [1][5] Financial Performance - Cloud revenues surged to $8 billion, up 34% in U.S. dollars, with cloud infrastructure revenues increasing 66% to $4.1 billion [2] - Software revenues declined by 3% to $5.9 billion, indicating challenges in legacy products [2] - Free cash flow was negative $10 billion due to capital expenditures of $12 billion, with operating cash flow at $2.1 billion [4] - Non-GAAP earnings per share were $2.26, a 54% increase, while GAAP earnings per share reached $2.10, up 91% [5] Backlog and Future Guidance - Remaining performance obligations (RPO) rose to $523 billion, a 438% year-over-year increase, with a 40% growth expected to be recognized within 12 months [3] - Oracle anticipates $4 billion in additional revenues for fiscal 2027 from the backlog [3] - For the fiscal third quarter, Oracle projects cloud revenue growth of 37% to 41% and total revenue growth of 16% to 18% [6] Strategic Initiatives - The company is focusing on its AI data platform and multicloud database partnerships, with multicloud database business growing 817% [7] - Oracle's databases are positioned for AI applications, leveraging high-value private data [7] Competitive Landscape - The cloud infrastructure market is highly competitive, with Amazon Web Services holding approximately 30% market share, followed by Microsoft Azure and Google Cloud [12] - Oracle competes through its multicloud database offerings embedded in major cloud platforms [12] Valuation Metrics - Oracle's stock is trading at a forward Price/Sales ratio of 8.42x, above the industry average of 7.61x, indicating a premium valuation [13] - The company carries a Value Score of D, reflecting stretched valuation metrics [13]

Core Insights - Oracle's stock experienced a significant decline of nearly 14% following a quarterly sales report that fell short of analysts' expectations, impacting other tech stocks negatively [1][2] - Despite securing new agreements with major AI companies like Meta Platforms and Nvidia, Oracle's record backlog of $523 billion did not alleviate investor concerns regarding its dependency on a limited number of large clients [1][3] Financial Performance - Oracle's quarterly sales missed analysts' estimates, leading to a sell-off in its shares and affecting the broader tech sector [1][5] - The company's backlog reached a record high of $523 billion, attributed to new commitments from AI leaders, but this was overshadowed by revenue concerns [1][5] Market Sentiment - The decline in Oracle's stock is viewed as a potential indicator of waning confidence in the AI sector, particularly amidst fears of an AI bubble [3] - Despite the stock's recent plunge, a majority of Wall Street analysts maintain a "buy" rating on Oracle, with only three neutral ratings and one sell recommendation among the 12 analysts surveyed [4] Analyst Perspectives - Analysts from William Blair noted that while Oracle may face short-term limitations due to debt and spending plans, they anticipate significant earnings growth in the long term as the company continues its buildout [5]