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Software Stocks Finish Week Hot: Salesforce Jumps, IGV Soars - Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM)
The software ETF is up about 15% this week as Oracle, AMD and Microsoft post double-digit gains, while Intel jumps 55% in April.
5 Articles
5 Articles
[Digital Daily Reporter Lee Sang-il] As expectations for a peace agreement between the U.S. and Iran rise, major big tech stocks recorded record-breaking gains this week. Oracle rose 27% this week, posting its best weekly earnings since June 1999. On the 14th (local time), it expanded its power supply contract for AI data centers with Bloom Energy, securing 1.2 gigawatts of capacity, and was also granted the right to purchase Bloom shares worth…
Why are deadbeat stocks Oracle, Microsoft, and AMD suddenly the week’s best performers?
This week gave beaten-up stock names a strange new job. They stopped acting like laggards and started leading the screen. Oracle (NYSE: ORCL), Microsoft (NASDAQ: MSFT), and AMD (NASDAQ: AMD) came into Friday on track for huge weekly gains, the kind that reset charts and force traders to stop laughing at names they had written off. Oracle rose 27% for the week, its best run since June 1999. AMD added 14% for the week, hit an all-time high on Thu…
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