Stocks have moved mostly higher during trading on Wednesday, extending the strong upward move seen over the past several sessions. With the continued advance, the major averages have once again reached new record intraday highs.Currently, the major averages are well off their highs of the session but still in positive territory. The Dow is up 218.78 points or 0.5 percent at 47,925.15, the Nasdaq is up 131.49 points or 0.6 percent at 23,958.99 and the S&P 500 is up 14.53 points or 0.2 percent at 6,905.42.Nv ...

Core Viewpoint - Citi Research has maintained a Buy rating on Micron and increased its price target to $240 from $200 [1] Group 1 - The price target increase reflects a positive outlook on Micron's performance in the semiconductor industry [1]

Core Insights - Larry Ellison has regained his position among the world's two richest individuals, with Oracle's stock reaching an all-time high following strong earnings, amidst the ongoing artificial intelligence arms race [1][3]. Stock Performance - Oracle's stock experienced a significant rally, gaining 13% on Thursday and an additional 7% on Friday, reaching approximately $215 per share [2]. - The company's market capitalization increased by $104 billion over the last two trading sessions, surpassing the total valuations of major companies like Intel and Nike [4]. Financial Results - Oracle reported stronger-than-expected profits of $1.70 adjusted earnings per share and revenues of $15.9 billion for the financial quarter ending last month, which contributed to the stock surge [5]. - The earnings update was characterized as a "watershed" moment for Oracle by Deutsche Bank analyst Brad Zelnick, highlighting the company's pivotal role in the cloud computing sector [5]. Future Outlook - Analysts predict that Oracle's fiscal year 2026, starting this month, will be a "major inflection point" for its core cloud infrastructure services, driven by increasing demand for AI training workloads [6]. Company Background - Oracle is a leading enterprise software company, primarily focused on cloud computing and data storage, and is known for hosting TikTok's U.S. data [7]. - Larry Ellison, who co-founded Oracle in 1977, owns approximately 41% of the company and has a notable public presence, including past involvement with Tesla and significant political contributions [7].

Core Insights - NetApp Inc. operates in the hardware and data infrastructure market, focusing on two key segments: Hybrid Cloud and Public Cloud [1] - Approximately 51% of the company's revenues come from the U.S., with the remainder generated from international markets [1] Segment Analysis - The Hybrid Cloud segment provides data storage solutions, which are essential for businesses transitioning to cloud-based infrastructures [1] - The Public Cloud segment complements the Hybrid offerings, allowing for scalable and flexible data management solutions [1]