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Shares of Oracle are up about 6%, or by $10 a share, after the company announced that new AI-enabled capabilities in Oracle Primavera Unifier are helping project and asset management teams prioritize work and reviews, improve data integrity, and enhance safety to execute more compliant, effective project delivery.
“Capital programs depend on disciplined processes, trusted data across project and enterprise systems, predictive insights, and defensible audit trails,” said Mark Webster, senior vice president and general manager, Oracle Infrastructure Industries, as quoted in an Oracle press release.
“Primavera Unifier brings all these elements together, giving organizations the foundation they need to apply AI at scale, improve compliance, and drive smarter, faster decisions across their portfolios.”
The war with Iran continues.
But it appears markets are shrugging it off. At the moment, S&P 500 futures are up about 0.29%, or by 20 points. The SPDR S&P 500 ETF (SPY) is up 0.25%, or by $1.74. The Dow is up 0.06%, or by 29 points. The Nasdaq is up 0.54%, or by 138 points. Oil is down by $3.11 AT $95.84. Gold is up by $24.30 at $4,765. Bitcoin is down by $45 at $74,397.
All on hopes for an end to the war. Here’s what we know. According to Bloomberg, Iran is considering a short-term pause to shipments through the Strait of Hormuz to avoid further clashes with the U.S. And two, mediators are attempting to put together another round of U.S.-Iran talks, with Iran reportedly offering a five-year moratorium on its nuclear program, as compared to U.S. demands for 20 years.
Market Movers: Sandisk up $12.50 in Premarket
Shares of SNDK are up about $12.50 in premarket after analysts at Evercore initiated an outperform rating on the stock with a price target of $1,200.
The firm referred to SNDK as a “structural AI beneficiary,” adding that the NAND upcycle is stronger than prior ones. The firm also noted that “AI-driven demand for data storage is structurally tightening the supply-demand balance in ways that should sustain elevated pricing through at least 2027,” as noted by Investing.com.
Fueling further potential upside, the NAND market could get even tighter thanks to the substantially growing appetite of artificial intelligence data centers that are just starting to consume a massive chunk of global memory and flash production capacity.
Market Movers: Amazon Buying Globalstar for $90 a Share
Amazon is buying Globalstar for $90 a share in a deal valued at about $11.5 billion. It’ll give Amazon’s Leo satellite business a boost as it attempts to compete with SpaceX.
Under the agreement, Amazon said it will acquire Globalstar’s existing satellite operations, infrastructure, and assets, including some spectrum licenses with global authorizations. Globalstar’s new satellites and its existing fleet will operate alongside Amazon’s network. The deal will also allow Amazon to build out its own direct-to-device satellite system.
“Globalstar stockholders will choose to receive either $90 in cash or 0.3210 shares of Amazon common stock for each share of Globalstar stock that they own,” as noted by CNBC.
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