How Much Traders Expect Oracle Stock to Move After Earnings
45 minutes ago
Software company Oracle (ORCL) is scheduled to report fiscal fourth-quarter earnings after the closing bell on Wednesday, and traders see potential for the stock to hit a record high on the results.
Oracle shares are expected to move about 7.2% in either direction by the end of the week, according to options pricing data. That would put shares at about $190, their highest price this year and just 1% shy of a record, or about $164, which would erase the stock’s gains so far this month.
Oracle stock has climbed steadily in recent weeks as investors have embraced the AI trade amid waning economic uncertainty. Shares are up about 45% since hitting a year-to-date low in mid-April, and about 7% since the start of the year.
Oracle shares have moved an average of 8.6% the day after its four most recent earnings reports. Oracle has missed sales and adjusted earnings estimates in each of its last two reports, causing shares to fall 3.1% after earnings in March and 6.7% in December. Shares jumped double digits in the two prior quarters after announcing cloud computing deals with Amazon (AMZN), Microsoft (MSFT), OpenAI, and Alphabet’s (GOOGL) Google.
Wall Street is split on the outlook for Oracle stock. Of the 13 Oracle analysts tracked by Visible Alpha, 6 recommend buying the stock and 7 have assigned it a “hold” rating. The average price target of $174.42 is about 2% below the stock’s closing price on Tuesday.
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Intel Stock Price Levels to Watch Amid Recent Volatility
1 hr 17 min ago
Intel (INTC) shares tumbled Wednesday after surging the previous session as chip stocks rallied amid hopes that curbs on exports to China could be eased.
The stock was down 5% at around $21 in recent trading, giving back much of the 8% it gained on Tuesday, when it paced S&P 500 advancers.
Intel shares are up about about 5% so far in 2025, slightly outpacing the gains of the S&P 500, but have lost nearly a third of their value over the past 12 months amid uncertainty over the chipmaker’s strategic direction and inability to capitalize on the booming AI chip market. CEO Lip-Bu Tan, who took over the top spot in mid-March, has launched a major restructuring effort.
Intel shares have remained rangebound since gapping sharply lower last August. More recently, the stock found buying interest around the lower levels of the trading range, with the price closing above both the 50- and 200-day moving averages on Tuesday.
Importantly, the move higher occurred on the highest daily volume since early April, indicating buying conviction from larger market participants. Moreover, the rally thrust the relative strength index back above its neutral threshold to signal accelerating price momentum.
Investors should watch crucial overhead areas on Intel’s chart around $23, $26 and $33, while also monitoring a major support level near $19.
Read the full technical analysis piece here.
Quantum Computing Stocks Jump After Nvidia CEO Comments
2 hr 31 min ago
Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point.”
Huang’s comments during his keynote speech at the chipmaker’s GTC Paris developer conference marked a more optimistic take by the Nvidia CEO, who said early this year that quantum computing technology is 15 to 30 years away.
“Quantum computing is reaching an inflection point,” Huang said in the speech Wednesday. “We are within reach of being able to apply quantum computing, quantum classical computing, in areas that can solve some interesting problems in the coming years.”
Quantum computing involves qubits, which can exist in a multidimensional state, unlike a normal computer bit that can be in one state (either 0 or 1), making them capable of much more powerful computations than ordinary computers.
Shares in Quantum Computing (QUBT) were up nearly 30% in recent trading, while Rigetti Computing (RGTI) surged 18% and D-Wave Quantum (QBTS) shares added 2%. Shares in quantum computing firm IonQ (IONQ), which announced the acquisition of a U.K. rival Monday and has a collaboration with Nvidia, were up 8%.
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IBM (IBM) shares, which hit an all-time high Tuesday after it showcased a “viable path” to building the world’s first large-scale, “fault-tolerant” quantum computer by the end of the decade, are little changed in premarket trading.
Musk Sets Robotaxi Launch Date, Regrets Some Trump Posts
4 hr 13 min ago
Tesla (TSLA) shares are rising in premarket trading Wednesday after three straight sessions of gains following new social media posts from CEO Elon Musk.
On Tuesday evening, Musk responded to a user asking questions about the launch of Tesla’s robotaxi program, saying it will launch “tentatively, June 22.”
“We are being super paranoid about safety, so the date could shift,” Musk wrote. He added that the first Tesla that will drive itself from the factory directly to a customer’s door should be delivered about a week later, on June 28.
Last month, Bloomberg reported that Tesla was targeting a June 12 launch for the autonomous ridesharing service, while Musk had previously only said the program was on track to launch sometime this month. In its own posts hours before Musk’s, the Tesla X account posted a robot and car emoji, and responded to another user sharing video of what appeared to be a Tesla with no one in the driver’s seat being tested on the roads of Austin, Texas.
Musk has also said Tesla’s plans for a more affordable Tesla model are on track to launch this month as well, but details about that potential launch have yet to be released.
Tom Brenner / The Washington Post / Getty Images
In another post early Wednesday, Musk said he regrets some of the posts he made during his public split with President Donald Trump last week, saying they “went too far.” In a few posts, which have since been deleted, Musk accused Trump of being in the “Epstein files,” referencing the late convicted sex trafficker, and agreed with another user who said Trump should be impeached so Vice President JD Vance could take over.
Musk spent days criticizing the budget reconciliation bill currently working its way through Congress for adding to the deficit and national debt. Trump last week said he was “disappointed” in Musk for his comments, and the pair continued to exchange comments and insults on their own social media platforms for hours afterward.
Tesla shares were up nearly 3% in recent premarket trading, putting the stock in position to recover all of the ground that was lost after the fracas between Musk and Trump.
Major Index Futures Slightly Lower
4 hr 29 min ago
Futures tied to each of the major U.S. indexes were down 0.2% in recent trading.
Dow Jones Industrial Average
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S&P 500
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Nasdaq 100
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