Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) shares are solidly in the green this morning after the software company’s results featured better-than-expected cloud revenue amid strong AI demand.
- Adobe (ADBE) shares are sinking after it 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.
- Microsoft (MSFT) shares are moving on news it plans to more than triple its data center capacity to help overcome a computing shortage that has forced it to turn away some AI and cloud business.