On this episode of Stock Movers:
- Oracle (ORCL) shares drop after Oracle said it is seeking to borrow $15 billion from the US investment-grade bond market on Wednesday, as the software maker ramps up its spending to meet the needs of the AI boom.
- Alibaba (BABA) shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past an original $50 billion-plus target.
- Adobe (ADBE) shares drop after Morgan Stanley downgraded to equal-weight from overweight on decelerating digital media annual recurring revenue.
See omnystudio.com/listener for privacy information.
