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Live Coverage Has Ended

Oracle Falls

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By Gerelyn Terzo Published

Quick Read

  • Chip stocks are bouncing 3% in premarket after last Friday's brutal 10% semiconductor ETF selloff, even as Trump's threat to strike Iran and $90 crude cap broader gains.

  • Intel surged 5% premarket on a Bank of America upgrade to Buy, while Oracle plans to raise $40 billion to accelerate its AI infrastructure buildout.

  • It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

Live Blog Update #3 Published

← Back to Full Coverage: Live Nasdaq Composite: Cautious Optimism Takes Hold as Chip Stocks Rebound and SpaceX IPO Nears

Oracle (NYSE:ORCL | ORCL Price Prediction) is taking a hard hit, shedding more than 11% after laying out plans to raise approximately $40 billion through a combination of debt and equity financing in fiscal year 2027, with no additional debt expected for the remainder of calendar year 2026. The market’s reaction reflects concern that the capital raise signals a level of spending ambition that could weigh on near-term returns even as Oracle’s long-term AI infrastructure thesis remains intact.

All Updates from Live Coverage

SPCX Long and Short

| Gerelyn Terzo
Live

SpaceX (NASDAQ:SPCX) is set to begin trading on the Nasdaq Friday at 9:30 AM ET, with Oppenheimer wasting no time, initiating coverage at Outperform with a $190 price target ahead of the opening bell. For those looking to play the other side of the trade, Leverage Shares confirmed that a 2x Short SpaceX ETF will hit the market under the ticker SSPC, giving bearish investors a tool to express their view on what is shaping up to be the most anticipated public debut in market history.

Producer Prices Coming in Hot

| Gerelyn Terzo
Live

Wholesale prices came in hotter than expected in May, with the producer price index (PPI) climbing 1.1% on the month against a 0.7% estimate, lifting the 12-month rate to 6.5%, the highest since November 2022 and up from April’s 5.7% reading. Nearly 80% of the monthly move traced back to a surge in energy costs, with gasoline prices jumping 23.4% at the wholesale level. The data lands one day after Wednesday’s hot CPI print, keeping the Federal Reserve firmly on hold heading into next week’s rate decision.

View Full Live Blog (3 Updates)
DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.

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