Benzinga Bulls And Bears: Adobe, Oracle, GameStop — And DJIA And S&P 500 Hit All-Time Highs Benzinga Bulls And Bears: Adobe, Oracle, GameStop — And DJIA And S&P 500 Hit All-Time Highs

Market Overview - Markets reached record highs as the Federal Reserve cut interest rates, with the Dow Jones Industrial Average and S&P 500 achieving all-time highs, while the Nasdaq Composite lagged due to weakness in tech and AI stocks [2] Company Performance - Oracle Corp. experienced a significant decline after reporting weaker-than-expected cloud revenue and cautious commentary on AI spending, leading to broader concerns in the tech sector [3] - Warner Bros. Discovery, Paramount Global, and Netflix are involved in deal rumors and strategic changes, with WBD shares falling amid M&A interest and content licensing challenges [4] - Adobe Inc. reported Q4 earnings of $5.50 per share on $6.19 billion in revenue, surpassing analyst expectations, driven by growth in its Digital Media and Experience segments [7] - Broadcom Inc. exceeded Q4 estimates with $18.02 billion in revenue and $1.95 EPS, fueled by a 74% surge in AI semiconductor sales, and projected Q1 revenue of approximately $19.1 billion [8] Notable Stock Movements - Oracle's mixed fiscal Q2 results led to a drop in shares, wiping out over $30 billion from co-founder Larry Ellison's net worth [9] - Carnival Corp., Norwegian Cruise Line, and Royal Caribbean Group saw their stocks decline over 20% since late September, although JPMorgan indicated that fundamentals remain strong [10] - GameStop Corp. stock fell despite an adjusted EPS of $0.03, as revenue of $1.03 billion missed expectations, highlighting soft overall demand [11]