Denisa Sokova, Bloomberg cross-asset reporter who covers equities and bonds, unpacks market-moving corporate news. Oracle’s cloud revenue surge and AI-related capex are highlighted. The conversation also covers Amazon’s massive multi-tranche bond sale and why big tech debt draws huge demand. A deep dive into Goeasy’s sudden charge and its implications for Canadian consumer stress.
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insights INSIGHT
Oracle's AI Deals Are Turning Into Real Cloud Revenue
Oracle's infrastructure cloud revenue surged 84% as AI-related deals convert into sales.
Denisa Sokova highlights big contracts with Meta and OpenAI and investor relief after Oracle beat expectations despite heavy capex.
insights INSIGHT
Big Cloud Sales Come With Bigger Capex
Strong sales came alongside higher-than-expected capital expenditure, signaling continued heavy spending to build capacity.
Denisa notes investors are parsing an increase from expected $14B to about $19B in capex while fiscal 2026 guidance held steady.
insights INSIGHT
OpenAI Relationship Is Key To Oracle's AI Narrative
Oracle's ties to OpenAI are a focal point for investors assessing revenue durability and funding arrangements.
Denisa cites Bloomberg Intelligence commentary stressing the importance of clarity on OpenAI relationship and funding on the earnings call.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) posted quarterly cloud revenue that was better than expected and projected strong sales in the upcoming fiscal year, a sign the company is making good on its massive AI bookings. Revenue in Oracle’s closely watched infrastructure business gained 84% to $4.9 billion in the period ended Feb. 28, the company said Tuesday in a statement. That marked a faster increase than the 79% anticipated by analysts and a 68% sales rise in the previous quarter. The shares increased about 7% in extended trading after closing at $149.40 in New York. The stock had lost more than 50% of its value from a September peak through Tuesday’s close as Wall Street grew worried about the costs and logistics associated with the massive build-out.
- Amazon (AMZN) has raised $37 billion from a US dollar bond sale that could swell to nearly $50 billion with a planned euro debt offering. The blockbuster fundraising is the fourth-largest US corporate bond sale on record and the biggest that isn’t tied to an acquisition. The offering was increased from initial guidance of $25 billion to $30 billion. Amazon sold US high-grade debt in 11 tranches, ranging from two to 50 years. Pricing on the longest portion of that offering — a note maturing in 2076 — tightened by 0.25 percentage point to 1.3 percentage point above Treasuries, according to a person familiar with the transaction. Shares of Amazon closed higher in trading on Tuesday.
- Goeasy (GSY) shares dropped on Tuesday, in its biggest intraday decline in about six years, after the non-prime lender announced it expects to incur a C$178 million incremental charge off in 4Q 2025 against its C$5.5 billion gross consumer loans receivable, withdrawing its previously issued outlook and three-year forecast. The shares fell to their lowest level since November 2020.
Stock Movers