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Stock Market Today: Earnings and AI Send Stocks to New Highs
ORCLOracle(ORCL) Kiplinger.com·2025-01-22 21:06

Market Overview - Tech stocks led the market rally, driven by AI investments and strong corporate earnings [1][2] - The Dow Jones Industrial Average rose 0.3% to 44,156, the S&P 500 gained 0.6% to 6,086, and the Nasdaq Composite added 1.3% to 20,009 [5] - Technology and communication services were the only sectors gaining, while rising interest rates and a stronger dollar weighed on other sectors [3] AI and Tech Sector - The Stargate Project, a 500billionAIinfrastructureinitiativebyOracle,OpenAI,SoftBank,andMGX,boostedtechstocks[1]Nvidia(+4.4500 billion AI infrastructure initiative by Oracle, OpenAI, SoftBank, and MGX, boosted tech stocks [1] - Nvidia (+4.4%), Microsoft (+4.1%), and Palantir (+5.2%) were among the top performers in the tech sector [4] - Oracle stock surged 6.7% following the Stargate announcement and has gained 12% since January 13, adding over 85 billion in market cap [11] Corporate Earnings Highlights - Netflix (NFLX) surged 9.7% after beating Q4 expectations, raising 2025 revenue guidance, and announcing subscription price hikes [6] - Netflix ended 2024 with over 300 million global subscribers and achieved $10 billion in annual operating profit for the first time [7] - Procter & Gamble (PG) rose 1.9% after beating Q2 expectations and reaffirming its fiscal 2025 outlook, projecting 2%-4% revenue growth [8][9] - GE Vernova (GEV) gained 2.7% despite missing Q4 expectations, reaffirming its 2025 outlook with projected revenue growth of 3%-5.9% [10] Oracle's Performance - Oracle generated a 59% total return over the past 52 weeks, outperforming the S&P 500's 27% gain [12] - Wall Street analysts maintain a Buy consensus on Oracle, with 16 Strong Buy, 6 Buy, 12 Hold, and 1 Strong Sell ratings [12]