Oracle Doubles Its Cloud Business, Is it woth $5K?

Welcome to LazyListen. This is The Daily Rip for today. Stocks pulled back Thursday as oil prices surged past the 100 dollars mark and producer prices showed persistent inflation, keeping the Federal Reserve’s rate hike prospects alive.

Tech led the decline, with chipmakers Intel and Micron among the hardest hit amid a broad sector selloff. Meanwhile, housing data added to the cautious mood, with existing-home sales falling to their slowest pace in over a year. All eyes now turn to Friday’s Consumer Price Index report for clues on inflation and the Fed’s next move.

-driven cloud business. The company’s cloud infrastructure revenue more than doubled, pushing shares sharply higher in after-hours trading. 3 billion dollars, topping expectations.

Cloud revenue surged sixty two percent, led by a 121 percent jump in infrastructure sales, while traditional software sales declined as customers continue shifting away from on-premises products. I. cloud contracts.

The company reaffirmed its annual revenue guidance of at least 90 billion dollars and raised its earnings forecast, though it maintained a hefty capital spending plan between 90 billion dollars and 95 billion dollars. This growth is impressive but comes with a high price tag, raising questions about valuation as traders debate if Oracle’s shares can hit 5000 dollars. Adobe also reported earnings Thursday, reaching a milestone of 1 billion monthly active users across its creative and document cloud products.

I. strategy. 6 billion dollars.

I. offerings might pressure near-term subscription growth. While hitting a billion users is a significant achievement, the key for shareholders is how effectively Adobe can convert this massive user base into paying customers.

On the macro front, former President Trump made headlines with a pledge to send 5000 dollars payments to American adults if Republicans win the midterms. While this promise grabbed attention, it clashes with the current fiscal reality—deficits topping 40 dollars trillion and inflationary pressures from rising oil and producer prices. August’s Producer Price Index rose zero point four percent month-over-month and five point four percent year-over-year, signaling ongoing inflation.

Energy prices were a major driver, with diesel costs jumping over twenty four percent and national averages approaching six dollars per gallon, hitting nearly ten dollars in some states like California. Housing data showed median home prices rising to just over 429000 dollars even as sales slowed and mortgage rates near seven percent kept buyers sidelined. These factors weighed on bonds and small caps, while oil-related stocks gained ground.

Treasury markets barely reacted to the stimulus talk, focusing instead on inflation data and the Fed’s upcoming rate decision. I. I.

model, challenging frontier models with a cheaper and open-weight alternative. 6 Sol. I.

without the high expense. I. ecosystem, where cost efficiency is becoming as important as raw performance.

m. Eastern, which will provide the latest read on inflation before the Federal Reserve’s policy meeting next week. Other key data releases include the Research Consumer Price Index, weekly unemployment claims, the the company's press release, and the monthly Treasury statement, all scheduled for the morning.

On the earnings front, Kroger, MoneyHero, and Rent the Runway are set to report before the open. In summary, Thursday’s market action was shaped by rising inflation and oil prices, which pressured stocks broadly and kept rate hike bets alive. I.

cloud surge offered a bright spot, while Adobe’s user milestone came with a dose of caution. The macro backdrop remains challenging, with inflation and housing data underscoring ongoing economic headwinds. All eyes now turn to Friday’s CPI report, which could set the tone for the Fed and markets in the weeks ahead.

Thanks for listening. Catch you next time on LazyListen.