Oracle Gains; Microsoft Plans Data Center Push; Adobe Forecast Misses Views
About this episode
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) shares gain after the software company’s results featured better-than-expected cloud revenue amid strong AI demand.
- Microsoft (MSFT) plans to more than triple its data center capacity, an effort that could help the company overcome a computing shortage that has forced it to turn away some AI and cloud business.
- Adobe (ADBE) gave an outlook for sales that narrowly missed analysts’ estimates, adding fuel to concerns that artificial intelligence upstarts are hurting the software maker’s business.
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