Stock Market Live February 11, 2026: S&P 500 (SPY) Rocketing on January Jobs Report
Futures are exploding higher. The S&P 500 is up 0.51%, or by 35 points. The SPDR S&P 500 ETF (SPY) is up 0.63%, or by $4.35. The Dow is up 0.47%, or by 240…
Oversold shares of Oracle took a dive after Blue Owl Capital said it won’t back a $10 billion data center for OpenAI. While Oracle did say the project is on schedule, it also said Blue Owl was out of funding talks.
As reported by CNBC, “Blue Owl did look into the project, but pulled out due to unfavorable debt terms and the structure of repayments, according to a person familiar with the company’s plans who asked not to be named in order to discuss a confidential matter. Blue Owl is still involved in two other Oracle sites, the person said. The person added that Blue Owl was also concerned that local politics in Michigan would cause construction delays.”
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Shares of SanDisk (NASDAQ: SNDK) are pushing even higher.
Last trading at $209.31, we’d like to see it retest $280, near term.
According to analysts at Bank of America, the stock could test $300 thanks to growing demand from data centers and artificial intelligence.
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.
At the moment, NAND supply cannot keep up with demand.
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