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AI Dreams Lift Oracle and Tesla, While Kroger Doubts Sink Ocado
PYMNTS.comยท2025-09-15 08:00

Market Performance - The CE 100 Index increased by 0.4%, underperforming broader benchmarks, with most components finishing in the green [1] - Over the past five days, the CE 100 Index rose by 0.42%, while the Nasdaq, S&P 500, and Dow increased by 1.84%, 1.57%, and 0.95% respectively [2] - Year-to-date, the CE 100 Index has gained 16.80%, outperforming the Nasdaq (14.75%), S&P 500 (12.17%), and Dow (7.95%) [2] - Over the past year, the CE 100 Index surged by 35.15%, significantly higher than the Nasdaq (24.15%), S&P 500 (17.66%), and Dow (11.58%) [2] Oracle Performance - Oracle's shares surged by 25.5%, contributing to a 1.1% increase in the Work segment [4] - The company reported Q1 FY26 revenue of $15.9 billion, an 11% year-over-year increase, with cloud services and license support revenue rising by 14% to $11.7 billion [5] - Oracle anticipates accelerated growth in its cloud infrastructure business, projecting revenue to reach $18 billion, a 77% increase [5] - The stock's jump marked the largest rally for Oracle in three decades [5] Tesla Performance - Tesla's stock rose over 12%, recovering from lows around $220 earlier this year, partly due to news of a potential $1 trillion pay package for Elon Musk [8] - Analysts on Wall Street have expressed positive sentiments regarding Tesla's robotics business [8] Nvidia and Apple Developments - Nvidia's stock increased by 6.5% amid reports of discussions with OpenAI regarding a major investment in AI infrastructure in Britain [9] - Apple's stock decreased by 2.3%, with the latest iPhone 17 launch focusing more on hardware and chip performance rather than AI [9] - AI features in the new iPhones were presented as enablers rather than breakthroughs, with limited emphasis on AI compared to previous launches [10] Ocado's Decline - Ocado's stock fell by over 21%, negatively impacting the Shop segment by more than 2% [12] - The decline followed Kroger's announcement of a review of its automated warehouse strategy, raising concerns about their partnership's future [12] Payment Sector Developments - In the Pay and Be Paid sector, which decreased by 1.5%, Paytently launched an open banking partnership with Mastercard to enhance account-to-account payment options [13] - Visa partnered with African digital payments network Onafriq to launch the Visa Pay platform in the Democratic Republic of Congo, expanding access to digital payments [14][15]