Dow, S&P 500, Nasdaq futures slide as Oracle earnings reignite AI spending fears

🌫️ Oracle Drops 11% on Disappointing Cloud Sales, More AI Spending

Oracle Corp. shares fell 11% in early trading after the company reported a jump in spending on AI data centers and other equipment, rising outlays that are taking longer to translate into cloud revenue than investors want.

Fiscal second-quarter cloud sales increased 34% to $7.98 billion, while revenue in the company’s closely watched infrastructure business gained 68% to $4.08 billion. Both numbers fell just short of analysts’ estimates.

Known for its database software, Oracle has recently found success in the competitive cloud computing market. It’s engaging in a massive data center build-out to power AI work for OpenAI and also counts companies such as ByteDance Ltd.’s TikTok and Meta Platforms Inc. as major cloud customers. Yahoo Finance reports.


💊 Lilly's next-gen drug tops Zepbound on weight loss in late-stage osteoarthritis trial

Eli Lilly said on Thursday its next-generation obesity drug helped patients lose an average of 28.7% of their weight in a ​late-stage trial, outperforming its blockbuster drug Zepbound and reinforcing the company's lead in ‌the fast-growing market.

The global obesity market has surged in recent years on strong demand for GLP-1-based drugs ‌like Zepbound and Novo Nordisk's Wegovy, prompting drugmakers to invest heavily in next-generation treatments that could deliver faster, deeper, or more durable weight loss.

The once-weekly injected drug, retatrutide, is part of a class known as incretins designed to mimic the action of the GLP-1 ⁠hormone, which helps regulate blood ‌sugar, slow stomach emptying and decrease appetite. Yahoo Finance reports.


🛒 Analyst bullish on Amazon grocery market share capture

Amazon.com is seeing positive market sentiment as strategic expansions in its grocery delivery services are expected to drive increased customer engagement and revenue growth, bolstering its position in the competitive e-commerce landscape.

The bullish analyst note followed Amazon's aggressive moves to capture a larger share of the grocery market and enhance its domestic logistics capabilities.

A key driver is the expansion of its Same-Day Delivery service for fresh groceries to over 2,300 U.S. cities and towns.

This service offers Prime members free same-day delivery on orders exceeding $25, while non-Prime members can access the service for $12.99.

The convenience of ordering perishable items such as produce, meat, and dairy alongside other products, delivered within hours, has significantly boosted customer activity. AskTraders reports.


🤖 Benzinga and Perplexity announce strategic partnership to power AI-driven financial research

Benzinga, the leading financial news and data provider in North America, today announced a strategic partnership with Perplexity, one of the world's fastest-growing AI answer engines.

The collaboration will deliver Benzinga's market-moving data and insights directly into Perplexity's AI platform, empowering users with real-time financial intelligence and context-aware market answers. MorningStar reports.


📊 AXIL Brands Announces National Retail Distribution Agreement with Walmart

AXIL Brands, Inc., an industry leader in advanced hearing performance and protection technology, is excited to announce a key strategic milestone.

The company has reached a national retail distribution agreement with Walmart, the world's largest retailer.

This partnership will bring AXIL's best-in-class hearing protection and enhancement products to a massive new audience. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


CIEN: Ciena
Q4 2025
Before Market open
Estimate: 0.670
Actual: N/A

FEIM: Frequency Electronics
Q2 2026
After Market Close
Estimate: 0.290
Actual: N/A

NX: Quanex Building Prods
Q4 2025
After Market Close
Estimate: 0.510
Actual: N/A

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– Hisashi Ishii

Sourced in: Quotes From a Legendary Japanese Stock Trader.

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