Oracle vs Nvidia vs TSMC: Stocks soar, share prices rise. Which one is current poster child of AI boom in U.S. stock market?

Oracle is pushing US Stock Market to new high on Wednesday after a stunning forecast for growth from Oracle because of the artificial-intelligence boom. The S&P 500 rose 0.5 per cent and was on track to set an all-time high for a second straight day. The Dow Jones Industrial Average was down 49 points, or 0.1 per cent, and the Nasdaq composite was 0.5 per cent higher after both likewise set records the day before.

On Wall Street, tech stocks helped lead the way after Oracle said AI-related demand is set to send its revenue soaring. CEO Safra Catz said Oracle signed four multi-billion dollar contracts during its latest quarter, and it expects cloud infrastructure revenue to jump 77 per cent to USD 18 billion this fiscal year. After that, it expects the unit's revenue to surge to USD 144 billion in just four years. "AI Changes Everything," Oracle Chairman Larry Ellison said in a statement.

Nvidia Stock Price


Nvidia, the chip company whose stock has become the poster child of the AI boom, rose 3.7 per cent. It was one of the strongest single forces lifting the S&P 500, along with Oracle.

Oracle Stocks

Oracle stock soared 34.8 per cent and was potentially heading for its best day since 1992, even though its results for the latest quarter came up just shy of analysts' expectations.

TSMC Share Price

Taiwan Semiconductor Manufacturing Co, which makes chips used in AI, saw its stock that trades in the United States climb 3.1 per cent after it said its revenue jumped nearly 34 per cent in August from a year before.

On the losing side of Wall Street was Synopsys, which helps customers design and engineer chips. It fell 31.3 per cent after reporting profit for the latest quarter that fell short of analysts' expectations. So did its forecast for profit in the current quarter.

FAQs

Q1. Who is Oracle Chairman?
A1. Oracle Chairman is Larry Ellison.

Q2. What do we know about Oracle stocks?
A2. Oracle stock soared 34.8 per cent and was potentially heading for its best day since 1992, even though its results for the latest quarter came up just shy of analysts' expectations.