By Adam Clark
Markets were falling in premarket trading Thursday as concerns about spending on artificial-intelligence infrastructure outweighed optimism over the Federal Reserve's latest cut to interest rates.
These stocks were poised to make moves:
Oracle was falling 11% in the premarket after the software and cloud-computing company's guidance came in short of estimates and it raised its spending forecast. On a conference call, Doug Kehring, Oracle's principal financial officer, said the company's capital expenditures forecast for its current fiscal year will be $15 billion higher than it had previously projected.
Other companies exposed to the AI trade were falling. Chip maker Nvidia was down 1.6% after Oracle CEO Larry Ellison said the company had adopted "chip neutrality," buying Nvidia chips but also will use other options if customers prefer.
Adobe was down 0.4% after it reported better-than-expected financial results. The software company posted adjusted earnings of $5.50 a share from revenue of $6.19 billion in its fiscal fourth quarter. Analysts surveyed by FactSet were expecting earnings of $5.40 a share from revenue of $6.11 billion
Synopsys was losing 0.6% after reporting better-than-expected earnings and an outlook that beat consensus estimates. The provider of electronic-design automation software posted fiscal fourth-quarter adjusted earnings of $2.90 a share, ahead of analysts' estimates of $2.78 a share.
Oxford Industries was tumbling 23%, having cut its full-year guidance as customers are pulling back on spending. The clothing company reduced its net sales guidance to $1.47 billion to $1.49 billion, down from its previous forecast of $1.48 billion to $1.52 billion.
Gemini Space Station was up 19% after saying it had received a license to operate prediction markets. The cryptocurrency company founded by Cameron and Tyler Winklevoss said Wednesday that its affiliate Gemini Titan has received a designated contract market license.
Cisco Systems was down 0.7% after closing at a record high for the first time since March 27, 2000 on Wednesday. The networking company has been boosted this year by excitement about strong demand for AI hardware.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
By Mackenzie Tatananni, Adam Clark, and Joe Woelfel
Stock markets were mostly lower on Thursday as concerns over spending on artificial-intelligence infrastructure outweighed optimism over the Federal Reserve's latest cut to interest rates.
These stocks were poised to make moves Thursday:
Oracle was falling 13% after the software and cloud-computing company's guidance came in short of estimates and it raised its spending forecast. On a conference call, Doug Kehring, Oracle's principal financial officer, said the company's capital expenditures forecast for its current fiscal year will be $15 billion higher than it had previously projected.
Other companies exposed to the AI trade were falling. Chip maker Nvidia declined 1.6% after Oracle Executive Chairman Larry Ellison said his company had adopted "chip neutrality" by buying Nvidia chips but also using other options if customers prefer.
Adobe stock inched 0.1% lower. The company reported better-than-expected adjusted earnings of $5.50 a share from revenue of $6.19 billion in its fiscal fourth quarter. Analysts surveyed by FactSet were expecting earnings of $5.40 a share from revenue of $6.11 billion
Synopsys traded flat after reporting better-than-expected earnings and an outlook that beat consensus estimates. The provider of electronic-design automation software posted fiscal fourth-quarter adjusted earnings of $2.90 a share, ahead of analysts' estimates of $2.78.
Ciena climbed 9%. The networking-equipment company posted fiscal fourth-quarter earnings and revenue that beat expectations and provided upbeat guidance for the coming fiscal year.
Broadcom declined 1.3%. The chip company is expected to report fiscal fourth-quarter earnings after markets close on Thursday, with expectations high after a nearly 78% gain for the stock this year.
Oxford Industries tumbled 22% after cutting its fiscal-year guidance as customers pull back on spending. The clothing company reduced its net sales guidance to $1.47 billion to $1.49 billion, down from its previous forecast of $1.48 billion to $1.52 billion.
Gemini Space Station jumped 1o% after saying it had received a license to operate prediction markets. The cryptocurrency company founded by Cameron and Tyler Winklevoss said Wednesday that its affiliate Gemini Titan has received a designated contract market license.
Sarepta Therapeutics slid 6.8%. The genetic medicine company said it had entered into exchange agreements with a limited number of holders of its 1.25% convertible senior notes due 2027. Sarepta will the exchange roughly $291.4 million in existing convertible notes for the same amount in new 4.875% convertible senior notes due 2030.
Cisco Systems gained 0.1% after closing at a record high for the first time since March 27, 2000, on Wednesday. The networking company has been boosted this year by excitement about strong demand for AI hardware.
Planet Labs surged 21%. The space-based Earth imaging company reported break-even per-share earnings in the third quarter on revenue of $81.3 million. Wall Street was looking for a loss of 6 cents a share on revenue of $73.5 million.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
By Mackenzie Tatananni, Adam Clark, and Joe Woelfel
Stocks were mostly lower on Thursday as concerns over spending on artificial-intelligence infrastructure outweighed optimism over the Federal Reserve's latest cut to interest rates.
These stocks were making moves Thursday:
Oracle sank 13% after the software and cloud-computing company raised its spending forecast and issued guidance that fell short of estimates. Doug Kehring, Oracle's principal financial officer, said the company's capital expenditures forecast for its current fiscal year will be $15 billion higher than it had previously projected.
Other companies exposed to the AI trade were falling. Chip maker Nvidia declined 3.2% after Oracle Executive Chairman Larry Ellison said his company had adopted "chip neutrality" by buying Nvidia chips but also using other options if customers prefer.
Adobe stock gained 1.4%. The company reported better-than-expected adjusted earnings of $5.50 a share from revenue of $6.19 billion in its fiscal fourth quarter. Analysts surveyed by FactSet were expecting earnings of $5.40 a share from revenue of $6.11 billion
Synopsys fell 1.2% even after reporting better-than-expected earnings and issuing an outlook that topped consensus views. Fiscal fourth-quarter adjusted earnings came in at $2.90 a share, ahead of analysts' estimates of $2.78. Pressure on the broader tech sector appeared to stifle investor enthusiasm.
Ciena rose 4.3%. The networking-equipment company posted fiscal fourth-quarter earnings and revenue that surpassed expectations and provided upbeat guidance for the coming fiscal year.
Broadcom declined 3.1%. The chip company is expected to report fiscal fourth-quarter earnings after markets close on Thursday, with expectations high after a nearly 78% gain for the stock this year.
Walt Disney was up 1.4% after unveiling a three-year licensing agreement with OpenAI. As part of the deal, Disney characters will be coming to Sora, OpenAI's video generating app.
Oxford Industries sank 23%. The owner of the Tommy Bahama and Lilly Pulitzer brands cut its fiscal-year outlook and pointed to a weaker-than-expected start to the holiday shopping season that was driven by tariff-related impacts and "more choiceful" consumer spending.
Gemini Space Station jumped 1o% after saying it had received a license to operate prediction markets. The cryptocurrency company founded by Cameron and Tyler Winklevoss said Wednesday that its affiliate Gemini Titan has received a designated contract market license.
Cisco Systems declined 1.1% after notching a record closing high Wednesday for the first time since March 27, 2000. Shares of the networking company have been boosted by excitement over demand for AI hardware.
Planet Labs surged 35%. The space-based Earth imaging company reported break-even per-share earnings in the third quarter on revenue of $81.3 million. Wall Street was looking for a loss of 6 cents a share on revenue of $73.5 million.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 11, 2025 10:35 ET (15:35 GMT)
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