Oracle Corp (ORCL)

Trump said the U.S. will resume talks with China this week over a pending TikTok deal, saying that "we pretty much have a deal."

From commerce to culture, software is digitizing every aspect of our lives. This secular theme makes SaaS companies attractive investment candidates but also comes with higher valuations that cause volatility. Unfortunately, the rich prices have haunted them over the past six months as the industry has shed 2.3%. This performance was discouraging since the S&P 500 returned 5%.

Oracle Inc. inched up another 2.0% to print a new all-time high on Thursday after announcing a landmark cloud infrastructure agreement with OpenAI.

Let's have a look at the top S&P500 gainers and losers in the middle of the day of today's session.

Microsoft Corp (NASDAQ: MSFT) is leasing 4.5 gigawatts of computing power from Oracle Corp (NYSE: ORCL) under its Stargate initiative, with OpenAI as a potential customer.

Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.

U.S. stocks experienced a surge on Wednesday, with the S&P 500 setting new record highs following a surprising decline in private payrolls.

Oracle stock has been rallying since the tech giant said Monday it had landed a $30 billion annual cloud deal.

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