Oracle shares surged 29% premarket after disclosing $455 billion in remaining performance obligations, driven by four multibillion-dollar AI cloud deals. This backlog is up 359% year-over-year. Despite missing Q1 earnings estimates, the company forecast 14%–16% revenue growth for Q2 and expects cloud infrastructure revenue to hit $18 billion this year. Oracle also plans to invest $35 billion in data center expansion, potentially increasing that number based on demand. If the stock holds gains, it would mark Oracle’s best single-day performance since 1999.
UnitedHealth Lifts Dow as Buffett’s Bet Gains Credibility
UnitedHealth jumped 8.6% Tuesday after reaffirming its 2025 earnings outlook and calming fears over Medicare Advantage star ratings. Roughly 78% of its MA plan membership is estimated to fall within the four-star-or-higher category, supporting reimbursement levels. Warren Buffett’s $1.57 billion stake in the insurer has gained 12% in value since Q2, adding to bullish sentiment.
OPEC+ Supply Gains Keep Oil Traders Cautious Despite Middle East Tensions
WTI crude rose modestly to $62.90 a barrel despite geopolitical tensions following Israel’s strike on Hamas leadership in Qatar. Traders remained focused on the supply picture, as OPEC+ raised October output by 137,000 barrels per day. The EIA sees global supply outpacing demand, projecting inventories to build and pressure prices lower heading into year-end.
What’s Next for Markets? Watch CPI and Fed Reaction
The CPI report on Thursday could be the deciding factor for a September rate cut. JPMorgan warns that even a confirmed cut might trigger a “sell-the-news” reaction as investor positioning appears stretched and retail momentum is cooling.
With AI-linked names like Oracle gaining steam and gold drawing renewed interest as a hedge, traders will be monitoring inflation trends, Fed commentary, and retail participation closely to assess sustainability in this record-setting market.
