Stock Movers Oracle Cloud Sales Boost Results; Cintas Agrees to Buy UniFirst; JPMorgan Restricts Private Credit Lending
Mar 11, 2026
Markets react to Oracle’s better-than-expected quarter and a surge in cloud demand. A major uniform supplier agrees to a $5.5 billion cash-and-stock takeover. JPMorgan tightens lending to private credit funds after loan markdowns stir stress in private markets.
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Oracle Cloud Infrastructure Shows AI-Driven Growth
- Oracle's cloud infrastructure revenue surged 84% year-over-year, beating Street estimates and signaling strong AI demand.
- The company accelerated nearly $19 billion of CapEx in Q3 while reaffirming a $50 billion fiscal-year plan to meet that demand.
Oracle Delivering Capacity Ahead Of Schedule
- Oracle said it delivered cloud capacity to customers at 90% on or ahead of schedule, supporting its raised revenue outlook.
- Management is front-loading spending to expand capacity now, explaining higher near-term CapEx while keeping full-year guidance steady.
Cintas-Closes In On UniFirst With $5.5B Deal
- Cintas agreed to acquire UniFirst for $310 per share in a cash-and-stock deal valuing UniFirst at about $5.5 billion.
- UniFirst shareholders get $155 cash plus roughly 0.75 of a Cintas share, with closing expected in H2 this year.