Tech giant Amazon.com Inc NASDAQ: AMZN closed around the $238 level on Tuesday, leaving it less than $5 shy of February’s all-time high. It’s been a strong couple of weeks for the stock, which had to deal with a post-earnings hangover at the start of August. Investors were quick to buy into that; however, with shares just now just below the $240 mark once again, they’re right to be nervous. Get Amazon.com alerts:That’s because this is the third time in this year alone that Amazon has pressed up against that ...

Amazon.com Inc.‘s AMZN Zoox on Wednesday launched the fully autonomous ride-hailing service using purpose-built robotaxis on the Las Vegas Strip.Check out the current price of AMZN stock here. The next-generation transportation tech company announced its first serial production facility in Hayward, California, in June. The facility is capable of producing over 10,000 robotaxis annually.Free Service Available Through Mobile AppThe service offers free rides via iOS and Android apps to destinations including R ...

Oracle shares ended the overnight session on Wall Street about 36% higher after projecting that its cloud infrastructure revenue will reach $144 billion by fiscal 2030, compared to $10.3 billion in fiscal 2025. The company's shares ended with a net market cap gain of $244 billion as its total market value soared to $922 billion.The American tech giant is now the 12th most valued firm in the world and is on track to join the elite $1 trillion club.Back on Dalal Street, the combined market value of Infosys, ...

Oracle Corp. ORCL shares are trending on Thursday.Check out the current price of ORCL stock here.The Texas-based company surged 35.95% in the regular trading session on Wednesday and gained an additional 1.42% in after-hours trading, reaching $333, following the release of exceptional first-quarter fiscal 2026 results that revealed record-breaking AI infrastructure demand.Record-Breaking RPO Growth Drives Stock RallyThe enterprise software giant reported Remaining Performance Obligations (RPO) totaling $455 ...

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Market Overview - The market closed with mixed results, with the Dow down 0.5% or 220 points, while the NASDAQ composite and S&P 500 both reached record highs, gaining 0.06% and 0.3% respectively [2][3] - The technology sector saw significant gains, particularly with Oracle's stock rising 36%, contributing to a year-to-date increase of 97% [5][6] Sector Performance - The XLK technology ETF reached a record high for the first time in four weeks, driven by strong performance from Oracle [3] - Energy and utility sectors also performed well, each increasing by more than 1.5% [3] Company Highlights - Broadcom's market capitalization increased by over $100 billion, with its stock up 60% year-to-date [4] - Oracle's market cap is now approximately $230 billion, reflecting a substantial increase due to its stock performance [5] Investment Sentiment - Wall Street analysts are increasingly bullish, with Deutsche Bank raising its price target for the S&P 500 to 7,000 from 6,550, indicating confidence in continued market growth [6][7] - The ongoing capital expenditure (capex) spending, particularly in artificial intelligence, is seen as a key driver for the market rally [6][11] Economic Context - The S&P 500 is currently trading around 66,500, suggesting potential for further upside [7] - Concerns about inflation persist, with the Federal Reserve's inflation target being missed for over four years, leading to cautious expectations regarding interest rate adjustments [18][19] Corporate Strategy - AT&T is focusing on expanding its fiber network, aiming to reach 60 million households by the end of the decade, with a current reach of over 30 million [34][35] - The company is investing heavily in infrastructure, which is expected to improve cash flow characteristics significantly once completed [39][40] Future Outlook - Analysts suggest that the AI theme remains critical for U.S. equities, with a focus on technology and software sectors for investment [21][24] - The market is expected to continue its upward trajectory, driven by strong corporate earnings and strategic investments in technology [24][26]

Well, the AI race is intensifying. Oracle issuing dramatic cloud growth projections for the next five years, competing with tech giants like Amazon, Microsoft, and Google also has been benefiting from them. Uh, but will that demand last or are Wall Street's expectations too lofty.Joining me now, Goldman Sachs tech analyst Eric Sheridan. Uh, it's great to be here with you at the Communicopia and Technology Conference. Eric, and uh, I realize you don't cover Oracle per se, but I do want to get your thoughts o ...

Core Insights - Amazon is developing augmented reality (AR) glasses aimed at both consumers and delivery drivers, with plans to launch the consumer version by late 2025 or early 2027 and the delivery driver version by the second quarter of 2026 [2][3] Product Features - The consumer AR glasses will include microphones, speakers, a camera, and a full-color display in one eye, while the delivery driver version will focus on features that assist with package sorting and delivery [2][3] - Both products will utilize the same underlying technology, but only the consumer version will have a full-color display [3] Market Context - The development of AR glasses coincides with a broader trend in the tech industry, where several companies, including Meta, are investing in smart glasses as the next popular connected wearable [6] - Meta is set to launch its first pair of smart glasses with a display, codenamed Hypernova, at a starting price of $800, indicating a competitive pricing landscape in the smart glasses market [4][6]

Core Insights - The pursuit of "alpha" in public markets is diminishing, with active investors struggling to outperform benchmarks like the S&P 500 [1][2] - The landscape of IPOs has shifted significantly, with companies going public at an older median age, reducing opportunities for early-stage investment [3][4][5] - Market concentration is at an all-time high, with a small number of stocks driving the majority of market performance [6][7][8] - Passive investment strategies are outperforming active management, with a significant percentage of active funds failing to beat the S&P 500 [9][10][11] - The current market dynamics suggest that without a resurgence of younger companies going public or a cooling of AI hype, the trend of diminishing alpha will likely continue [12] IPO Trends - The median age of companies going public has increased from five years in 1999 to 14 years today, indicating a trend of startups remaining private longer [3][4] - This shift is attributed to ample venture capital and a desire to avoid regulatory scrutiny associated with public trading [4] Market Concentration - Stocks with a weight of 3% or greater in the S&P 500 now account for 35% of the total market cap, a concentration level reminiscent of the dot-com era [6] - The "Magnificent 7" tech companies are primarily responsible for earnings growth and capital expenditure within the index [7] Performance of Active vs. Passive Funds - A staggering 88.29% of large-cap active funds underperformed the S&P 500 over the last 15 years, with similar underperformance rates over shorter time frames [9] - In the most recent year, nearly 75% of large-cap funds failed to beat the benchmark, highlighting the challenges faced by active managers [10] Future Outlook - The current market environment presents fewer inefficiencies for active investors to exploit, with the dominance of passive strategies likely to persist unless significant changes occur in the IPO landscape or market dynamics [12]

Today, Bitcoin climbs following an encouraging inflation reading. NASDAQ plans to invest $50 million in a partnership with crypto exchange Gemini. And Sylvia Fredo, general counsel of Miston Labs, weighs in on regulatory advancements for crypto in the US.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies are in the green as of midday and the S&P 500 jumped to a new record after a reading on wholesale prices unexpectedly dropped.A welcome development for investors vying for a Fed rate c ...