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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Gain on Oracle Boost Ahead of Key U.S. PPI Data

September S&P 500 E-Mini futures (ESU25) are up +0.25%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.15% this morning as a blowout outlook from Oracle buoyed sentiment, while investors geared up for crucial U.S. producer inflation data.

Oracle (ORCL) surged over +29% in pre-market trading after the enterprise software giant projected that booked revenue from its core cloud business would surpass half a trillion dollars in the coming months, stunning Wall Street and boosting optimism that the AI infrastructure rollout is accelerating. Chip stocks also climbed in pre-market trading on Oracle’s upbeat outlook, with Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) up more than +2%.

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