Oracle Shares Drop 13% Following Disappointing Forecast
Markets are under pressure this morning as index futures slide following disappointing corporate news and lingering concerns over the technology sector. Oracle's shares are sharply lower after a downbeat forecast and heavy capital spending tied to its AI business. This drag on tech names like Nvidia, Microsoft, Broadcom and other AI-linked equities has knocked futures lower and put a cooler tone on the market.Globally, markets are mixed. Some Gulf markets are holding modest gains in response to the Fed easing, while Asian and European tech-heavy indices have softened in the wake of the tech selloff. Currency and bond markets are also reacting to the Fed's messaging and macro dynamics.In pre-market trading, S&P 500 futures fell 0.4%, Nasdaq futures fell 0.62% and Dow futures were flat.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Geminiup 9% after receiving a designated contract market license from the Commodity Futures Trading Commission, which will allow Gemini to begin offering prediction markets to U.S. customersCorbus Pharmaceuticalsup 8% after completing the single ascending dose and multiple ascending dose Phase 1a study of CRB-913Eli Lillyup 1% after reporting each dose of retatrutide met all primary and key secondary endpoints in its TRIUMPH-4 clinical trialUP AFTER EARNINGS -Cienaup 8%DOWN AFTER EARNINGS -Oracledown 13%Oxford Industriesdown 21%Lovesacdown 16%Hooker Furnituredown 14%Manchester Uniteddown 2%Vera Bradleydown 1%
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ORACLE EXECUTIVE ANNOUNCES TIKTOK US RESULTS TO BE REPORTED AS OPERATING INCOME OR LOSS BEGINNING WITH FISCAL FOURTH QUARTER REPORTS
Oracle's Financial Performance: Oracle's fiscal fourth quarter results indicate a significant operating income or loss, reflecting the company's financial health and operational efficiency.
Impact of TikTok on Results: The report highlights the influence of TikTok on Oracle's performance, suggesting that the social media platform plays a crucial role in the company's revenue generation and market strategy.
Oracle's Q3 Earnings Expected to Show Strong Revenue Growth
- Revenue Growth Expectations: Analysts anticipate Oracle's Q3 revenue to reach $16.9 billion, a 19% increase from $14.13 billion in the same quarter last year, indicating the company's ongoing expansion in the cloud computing sector and strong market demand.
- Strong Profitability: Despite Oracle missing revenue estimates in 8 of the last 10 quarters, its profit performance has been robust, exceeding earnings expectations in the last three quarters, demonstrating effective strategies in cost control and profit enhancement.
- Cloud Services Contract: Oracle secured a deal with the Centers for Medicare & Medicaid Services to migrate critical systems to its cloud platform, further solidifying its position in the government cloud services market while adhering to strict federal security standards.
- Defense Contract Expansion: Oracle won an $88 million task order from the U.S. Air Force to provide cloud services for highly sensitive workloads, showcasing the company's competitiveness and market confidence in securing government and enterprise infrastructure contracts.
Oracle Executive States Company Will Use Equity Accounting for TikTok US Stake - Conference Call
Oracle's Stance on TikTok: Oracle executives have stated that they will account for their stake in TikTok using equity accounting methods, which reflects their investment in the social media platform.
Equity Accounting Method: This accounting approach allows Oracle to recognize its share of TikTok's profits and losses, impacting its financial statements and overall valuation.
Oracle's AI Data Center Expansion on Track Amidst Challenges
- Data Center Progress: Oracle confirmed that its flagship AI data center in Abilene, Texas, is operational with 200MW, and despite challenges with the expansion plans alongside OpenAI, the company asserts that progress is on track, alleviating market concerns about the future of its data centers.
- Financial Expectations: Analysts anticipate Oracle's third-quarter revenue to rise nearly 20% to $16.9 billion, marking the best growth rate in three years, although the company faces increasing debt and risks associated with reliance on a small group of customers.
- Debt Pressure: Oracle is piling on massive debt to fund new data center builds, planning to raise up to $50 billion this year through debt and equity financing, which has raised investor concerns, particularly given the company's performance is heavily reliant on a single customer.
- Market Reaction: Despite Oracle's stock price dropping over 53% since September 10, 32 out of 43 analysts still rate it as 'Buy' or higher, indicating cautious optimism in the market regarding its future growth, especially in the context of AI-driven revenue acceleration.
Iran Identifies U.S. Tech Firms as New Targets Amid Escalating Conflict
- New Target List Released: Iran's state-affiliated Tasnim News Agency has published a list titled 'Iran's New Targets,' identifying regional offices, cloud infrastructure, and data centers linked to several U.S. tech firms, indicating a shift in strategy amid escalating conflict.
- Expanded Target Scope: As the regional war transitions into an infrastructure conflict, the scope of Iran's legitimate targets is broadening, posing potential threats to U.S. and allied tech assets and impacting the operational security of affected companies.
- Wide Range of Companies Involved: The list includes major tech firms such as Alphabet Inc. (GOOG, GOOGL), Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), IBM, Oracle (ORCL), and Palantir Technologies (PLTR), highlighting Iran's increasing focus on these companies.
- Rising Geopolitical Risks: This move could elevate geopolitical risks for U.S. tech companies operating in the Middle East, potentially affecting investor confidence and leading to market volatility.
Myriad Expands Executive Advisory Board to Over 30 Leaders
- Board Expansion: Myriad Venture Partners has expanded its Executive Advisory Board to over 30 senior leaders from Fortune 500 and global enterprises, significantly enhancing the firm's influence in the enterprise AI and B2B software sectors.
- New Members: The new executives include leaders from GSK, Mastercard, Harley-Davidson, Meta, and Oracle, whose extensive experience will help Myriad better meet enterprise demands and accelerate product development.
- Significant Business Outcomes: Since inception, Myriad's enterprise network has facilitated over 900 commercial introductions and 70 proof-of-concept (POC) projects, resulting in 24 commercial contracts, demonstrating its effectiveness in fostering collaboration between startups and large enterprises.
- Strong Investment Growth: Myriad's portfolio companies have raised over $932 million since inception, including $223 million in 2025 alone, indicating robust growth potential in the early-stage enterprise AI sector.
ORACLE EXECUTIVE ANNOUNCES TIKTOK US RESULTS TO BE REPORTED AS OPERATING INCOME OR LOSS BEGINNING WITH FISCAL FOURTH QUARTER REPORTS
Oracle's Financial Performance: Oracle's fiscal fourth quarter results indicate a significant operating income or loss, reflecting the company's financial health and operational efficiency.
Impact of TikTok on Results: The report highlights the influence of TikTok on Oracle's performance, suggesting that the social media platform plays a crucial role in the company's revenue generation and market strategy.
Oracle's Q3 Earnings Expected to Show Strong Revenue Growth
- Revenue Growth Expectations: Analysts anticipate Oracle's Q3 revenue to reach $16.9 billion, a 19% increase from $14.13 billion in the same quarter last year, indicating the company's ongoing expansion in the cloud computing sector and strong market demand.
- Strong Profitability: Despite Oracle missing revenue estimates in 8 of the last 10 quarters, its profit performance has been robust, exceeding earnings expectations in the last three quarters, demonstrating effective strategies in cost control and profit enhancement.
- Cloud Services Contract: Oracle secured a deal with the Centers for Medicare & Medicaid Services to migrate critical systems to its cloud platform, further solidifying its position in the government cloud services market while adhering to strict federal security standards.
- Defense Contract Expansion: Oracle won an $88 million task order from the U.S. Air Force to provide cloud services for highly sensitive workloads, showcasing the company's competitiveness and market confidence in securing government and enterprise infrastructure contracts.
Oracle Executive States Company Will Use Equity Accounting for TikTok US Stake - Conference Call
Oracle's Stance on TikTok: Oracle executives have stated that they will account for their stake in TikTok using equity accounting methods, which reflects their investment in the social media platform.
Equity Accounting Method: This accounting approach allows Oracle to recognize its share of TikTok's profits and losses, impacting its financial statements and overall valuation.
Oracle's AI Data Center Expansion on Track Amidst Challenges
- Data Center Progress: Oracle confirmed that its flagship AI data center in Abilene, Texas, is operational with 200MW, and despite challenges with the expansion plans alongside OpenAI, the company asserts that progress is on track, alleviating market concerns about the future of its data centers.
- Financial Expectations: Analysts anticipate Oracle's third-quarter revenue to rise nearly 20% to $16.9 billion, marking the best growth rate in three years, although the company faces increasing debt and risks associated with reliance on a small group of customers.
- Debt Pressure: Oracle is piling on massive debt to fund new data center builds, planning to raise up to $50 billion this year through debt and equity financing, which has raised investor concerns, particularly given the company's performance is heavily reliant on a single customer.
- Market Reaction: Despite Oracle's stock price dropping over 53% since September 10, 32 out of 43 analysts still rate it as 'Buy' or higher, indicating cautious optimism in the market regarding its future growth, especially in the context of AI-driven revenue acceleration.
Iran Identifies U.S. Tech Firms as New Targets Amid Escalating Conflict
- New Target List Released: Iran's state-affiliated Tasnim News Agency has published a list titled 'Iran's New Targets,' identifying regional offices, cloud infrastructure, and data centers linked to several U.S. tech firms, indicating a shift in strategy amid escalating conflict.
- Expanded Target Scope: As the regional war transitions into an infrastructure conflict, the scope of Iran's legitimate targets is broadening, posing potential threats to U.S. and allied tech assets and impacting the operational security of affected companies.
- Wide Range of Companies Involved: The list includes major tech firms such as Alphabet Inc. (GOOG, GOOGL), Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), IBM, Oracle (ORCL), and Palantir Technologies (PLTR), highlighting Iran's increasing focus on these companies.
- Rising Geopolitical Risks: This move could elevate geopolitical risks for U.S. tech companies operating in the Middle East, potentially affecting investor confidence and leading to market volatility.
Myriad Expands Executive Advisory Board to Over 30 Leaders
- Board Expansion: Myriad Venture Partners has expanded its Executive Advisory Board to over 30 senior leaders from Fortune 500 and global enterprises, significantly enhancing the firm's influence in the enterprise AI and B2B software sectors.
- New Members: The new executives include leaders from GSK, Mastercard, Harley-Davidson, Meta, and Oracle, whose extensive experience will help Myriad better meet enterprise demands and accelerate product development.
- Significant Business Outcomes: Since inception, Myriad's enterprise network has facilitated over 900 commercial introductions and 70 proof-of-concept (POC) projects, resulting in 24 commercial contracts, demonstrating its effectiveness in fostering collaboration between startups and large enterprises.
- Strong Investment Growth: Myriad's portfolio companies have raised over $932 million since inception, including $223 million in 2025 alone, indicating robust growth potential in the early-stage enterprise AI sector.
