Stock Movers Oracle Surges; Synopsis Signals Slowdown; Novo Job Cuts
Sep 10, 2025
Oracle's stock skyrockets after an impressive outlook for its cloud business, igniting optimism in the tech sector. Coreweave and Nvidia also benefit from this surge due to their ties with Oracle. Meanwhile, Synopsys faces a downturn, hit by US export restrictions and disappointing earnings. The company's projections have been downgraded, sending shares tumbling. On the other hand, Novo Nordisk rises slightly despite announcing major job cuts as they struggle with competition in the obesity drug market.
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Oracle's Cloud Guidance Signals AI Build-Out
- Oracle reported cloud backlog and guidance that stunned analysts and implies rapid AI-infrastructure demand growth.
- The company signed multiple multibillion-dollar contracts and claims a backlog far larger than Google relative to market share.
Suppliers Ride Oracle Rally
- Oracle's blowout cloud quarter lifted suppliers and partners along the supply chain.
- CoreWeave and NVIDIA shares rose as investors priced in increased demand for their cloud and GPU products.
Synopsys Hurt By Export Limits To China
- Synopsys warned that U.S. export restrictions and a foundry customer issue are dragging Design IP revenue.
- The company cut guidance and shares fell sharply on the China-related slowdown.