Oracle Delivers Bullish Outlook
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Oracle soars to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. President Trump plans to set unilateral tariff rates within the next two weeks, ahead of an earlier deadline. And we get updates on Boeing's worst accident involving its most advanced twin-aisle aircraft. Plus, is the nuclear energy renaissance upon us? We'll get insight from the CEO of Nano Nuclear. (Source: Bloomberg)
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Yahoo
42 minutes ago
- Yahoo
Why defense and Airbus dominated this year's Paris Air Show
Airbus announced hundreds of orders at the Paris Air Show, while Boeing maintained a low profile. The Air India crash cast a long shadow over the event, with defense taking the spotlight. Airline passenger numbers are above pre-pandemic levels and supply chain constraints are easing. Airbus won the orders game at an unusual Paris Air Show, overshadowed by geopolitical tensions and last Thursday's Air India plane crash. Boeing chose not to announce any orders and kept a low profile. The sense of mourning was palpable inside the company's chalet. All staff wore Air India pin badges to commemorate Flight 171. "This show definitely has a very different tone for us in the Boeing company," said Turbo Sjogren, senior vice-president for government services, as he began its first media briefing on Tuesday. "When you go into our chalet, when you go into our exhibit, you will see not only flowers, but you will see all Boeing employees wearing this," he added, pointing to his pin. "It's been a very tough time for us, and it affects all of our employees." Both CEO Kelly Ortberg and the chief of its commercial airplanes division, Stephanie Pope, canceled their plans to attend the show. Even as Airbus announced order after order, airline and lessor CEOs began signing ceremonies by expressing sympathy for the victims in Ahmedabad. The European planemaker tallied 142 firm commercial aircraft orders, including 25 A350-1000s from Saudi Arabia's new airline, Riyadh Air. Additionally, Vietnam's VietJet signed an agreement to buy 100 A321neos. Embraer also scored big, as regional airline SkyWest ordered 60 E175 jets in a deal the Brazilian firm valued at $3.6 billion. With 2,500 exhibitors from 48 countries, the global nature of aviation was tangible at Le Bourget Airport — where Charles Lindbergh landed the Spirit of St Louis after his historic transatlantic flight in 1927. However, geopolitical tensions bubbled over amid the conflicts in Gaza and between Israel and Iran. Five Israeli defense companies arrived on Monday to find organizers had blocked off their stands overnight with large black walls. The French government had ordered them to remove offensive weapons from their pavilions, but they declined to do so, Israel's ministry of defense said in a statement. "They're saying that they would discuss it with us and see what goes out, but when we came here this morning, it was unilaterally done," Shlomo Toaff, an executive vice president at Rafael, told reporters. Business Insider saw half a dozen police officers gathered by the pavilions on Monday morning, and two officers standing guard throughout the week. French Prime Minister François Bayrou said the decision was made given "extreme tensions" in the region and "France's diplomatic choices, in particular the very great concern about Gaza." Meanwhile, the F-35 appeared to be the most popular aircraft of the flying displays. Nearly everyone on the tarmac stopped, phones pointed skyward, below the deafening roar of the fighter jet that Israel has used to bomb Gaza and Tehran. Compared to past major shows, it was a salient reminder of an increasingly troubled world. Qatar Airways CEO Badr Mohammed Al-Meer also pulled out of the air show at the last minute. In a video message after the airline was named the world's top carrier for the ninth time, he said he flew home from Paris on Monday, "to focus on our operational responsibilities due to the geopolitical situation in the Middle East." "It feels incredibly strange not to be there," Al-Meer added. "In over a decade with our airline and airport, I've never missed a Skytrax ceremony." Growing conflicts and President Donald Trump's policies have prompted European countries to increase their defense spending and seek more autonomy over military programs. About 45% of the Paris Air Show was dedicated to defense and security, a "strong increase" from 2023, organisers said. The event is typically far more focused on civil aviation, especially compared to the UK's defense-leaning Farnborough Air Show, with which it alternates each year. While there were reasons for industry figures to feel despondent this week, the sector is starting to move on from recent troubles. At last year's Farnborough show and Paris the year before, the main theme was recovering from the pandemic. Passenger numbers have now eclipsed 2019 levels, and while the supply chain is still struggling, constraints are easing. "There is renewed optimism around the ability to restore capacity," said Chad Stecker of Incora, a supply chain solutions provider for aerospace and defense firms. "We're not out yet, I would say," he told BI. "But there's really a life at this show, a renewed life, and optimism around where we're headed." Read the original article on Business Insider
Yahoo
an hour ago
- Yahoo
2 No-Brainer Stocks to Profit Off the AI Boom
Oracle is experiencing accelerating growth in its cloud business, sending the stock to new highs. Broadcom is benefiting from the growing demand for semiconductors and networking switches for advanced AI workloads in data centers. 10 stocks we like better than Oracle › Artificial intelligence (AI) continues to promise great returns for long-term investors in companies putting it to use in their businesses. Every industry is exploring how this technology can boost efficiency and innovation. This is expected to boost the global economy by trillions of dollars in the coming years. Here are two top tech stocks to buy that benefit from growing investment in AI services and hardware. Oracle (NYSE: ORCL) stock recently surged to a new high following an impressive earnings report for its fiscal fourth quarter. The stock has had an incredible run over the past few years, but its accelerating growth in cloud services makes the stock a compelling buy even at these all-time highs. Oracle is a leader in offering applications and database services for enterprise. Its competitive moat is based on a comprehensive suite of services that work well together, and this integration of services is driving strong demand for its cloud and AI offerings. Cloud revenue grew 27% year over year last quarter, and it's expected to accelerate. Management projects fiscal 2026 cloud revenue growing over 40% compared to fiscal 2025. This is causing analysts to raise their full-year earnings estimates. Earnings per share are now projected to reach $6.75 for fiscal 2026 and climb to $9.92 by fiscal 2028. Oracle is in a strong competitive position because it offers companies the ability to use their own data with popular AI large language models while maintaining security. Revenue from cloud infrastructure services grew 52% over the year-ago quarter, and management expects this business to accelerate over the next year. Its involvement in the Stargate project with OpenAI, which promises to build $500 billion worth of AI infrastructure in the U.S. over the next four years, supports attractive growth prospects. Oracle stock looks expensive from a valuation perspective, with the stock trading at a high multiple of earnings. But it's also seeing accelerating growth. The stock should climb higher over the next few years as it rides the wave of investment pouring into AI cloud services. Strong demand for top cloud providers is good news for Broadcom (NASDAQ: AVGO), which supplies semiconductors, software, and networking products for data centers. It also supplies chips for other markets, including smartphones. Broadcom has a great record of delivering strong growth and returns to shareholders. Over the last 10 years, revenue and earnings grew at an annualized rate of 28%. This reflects management's strategy of investing in the most attractive opportunities that offer profitable long-term growth. Right now, it's focusing on the demand for AI infrastructure. Broadcom's custom AI silicon, including application-specific integrated circuits (ASICs) and eXtreme processing units (XPUs), is seeing robust demand. AI semiconductor revenue grew 46% year over year last quarter, reaching $4.4 billion, or 30% of the company's total revenue. Data centers are aggressively investing in chips and networking to prepare for the shift from AI training to inferencing, where models make predictions from new data. Management expects this shift to lead to accelerating demand for XPUs through 2026. Broadcom's networking products for AI delivered even higher growth, surging 170% year over year. Its new Tomahawk 6 Ethernet switch can deliver 102.4 terabits per second of data capacity. This will drive higher performance in training the next wave of cutting-edge AI models. The stock usually trades at an expensive-looking earnings multiple. The average price-to-earnings (P/E) ratio is 55 since 2020. On a forward earnings basis, the forward P/E currently sits at 37. This suggests that there is more upside for the stock over the next year, barring a severe recession or anything that might disrupt spending in the semiconductor industry. Given Broadcom's history of delivering strong growth, it should be a solid stock to profit from the AI boom. Before you buy stock in Oracle, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oracle wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. 2 No-Brainer Stocks to Profit Off the AI Boom was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
4 hours ago
- Business Insider
Why defense and Airbus dominated this year's Paris Air Show
Airbus won the orders game at an unusual Paris Air Show, overshadowed by geopolitical tensions and last Thursday's Air India plane crash. Boeing chose not to announce any orders and kept a low profile. The sense of mourning was palpable inside the company's chalet. All staff wore Air India pin badges to commemorate Flight 171. "This show definitely has a very different tone for us in the Boeing company," said Turbo Sjogren, senior vice-president for government services, as he began its first media briefing on Tuesday. "When you go into our chalet, when you go into our exhibit, you will see not only flowers, but you will see all Boeing employees wearing this," he added, pointing to his pin. "It's been a very tough time for us, and it affects all of our employees." Both CEO Kelly Ortberg and the chief of its commercial airplanes division, Stephanie Pope, canceled their plans to attend the show. Even as Airbus announced order after order, airline and lessor CEOs began signing ceremonies by expressing sympathy for the victims in Ahmedabad. The European planemaker tallied 142 firm commercial aircraft orders, including 25 A350-1000s from Saudi Arabia's new airline, Riyadh Air. Additionally, Vietnam's VietJet signed an agreement to buy 100 A321neos. Embraer also scored big, as regional airline SkyWest ordered 60 E175 jets in a deal the Brazilian firm valued at $3.6 billion. With 2,500 exhibitors from 48 countries, the global nature of aviation was tangible at Le Bourget Airport — where Charles Lindbergh landed the Spirit of St Louis after his historic transatlantic flight in 1927. However, geopolitical tensions bubbled over amid the conflicts in Gaza and between Israel and Iran. Five Israeli defense companies arrived on Monday to find organizers had blocked off their stands overnight with large black walls. The French government had ordered them to remove offensive weapons from their pavilions, but they declined to do so, Israel's ministry of defense said in a statement. "They're saying that they would discuss it with us and see what goes out, but when we came here this morning, it was unilaterally done," Shlomo Toaff, an executive vice president at Rafael, told reporters. Business Insider saw half a dozen police officers gathered by the pavilions on Monday morning, and two officers standing guard throughout the week. French Prime Minister François Bayrou said the decision was made given "extreme tensions" in the region and "France's diplomatic choices, in particular the very great concern about Gaza." Meanwhile, the F-35 appeared to be the most popular aircraft of the flying displays. Nearly everyone on the tarmac stopped, phones pointed skyward, below the deafening roar of the fighter jet that Israel has used to bomb Gaza and Tehran. Compared to past major shows, it was a salient reminder of an increasingly troubled world. Qatar Airways CEO Badr Mohammed Al-Meer also pulled out of the air show at the last minute. In a video message after the airline was named the world's top carrier for the ninth time, he said he flew home from Paris on Monday, "to focus on our operational responsibilities due to the geopolitical situation in the Middle East." "It feels incredibly strange not to be there," Al-Meer added. "In over a decade with our airline and airport, I've never missed a Skytrax ceremony." Growing conflicts and President Donald Trump 's policies have prompted European countries to increase their defense spending and seek more autonomy over military programs. About 45% of the Paris Air Show was dedicated to defense and security, a "strong increase" from 2023, organisers said. The event is typically far more focused on civil aviation, especially compared to the UK's defense-leaning Farnborough Air Show, with which it alternates each year. While there were reasons for industry figures to feel despondent this week, the sector is starting to move on from recent troubles. At last year's Farnborough show and Paris the year before, the main theme was recovering from the pandemic. Passenger numbers have now eclipsed 2019 levels, and while the supply chain is still struggling, constraints are easing. "There is renewed optimism around the ability to restore capacity," said Chad Stecker of Incora, a supply chain solutions provider for aerospace and defense firms. "We're not out yet, I would say," he told BI. "But there's really a life at this show, a renewed life, and optimism around where we're headed."
