The Gain Train Continues As S&P 500 Nails Another Record Off Oracle’s Big Swingin’ Growth…

You might be printing money in your Robinhood account, but I promise you’re not printing it like Oracle just did… 

Today was one for the books as the S&P 500 hit another all-time high (6,532) after wholesale prices came in lower than expected and Wall Street decided J-Poww’s rate cut is now basically guaranteed. However, the real action wasn’t technically macro… it was Oracle, which shouted to investors that their “multicloud database” business grew at 1,529% last quarter. If your eyes somehow glossed over while reading that… let me say that again for the people in the back: One-thousand-five-hundred-twenty-nine percent. Hell, even WeWork or Elizabeth Holmes never had the audacity to inflate a number that hard. 

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Naturally, the stock ripped +36% in a day, dragging Broadcom up 9% on “AI adjacency” fumes. Microsoft (+0.39%), Amazon (-3.32%), and Google  (-0.19%) are all pumping Oracle’s cloud pipes now, and Wall Street is suddenly acting like Larry Ellison isn’t just a Mickey Roarke knockoff. Seriously, it’s kind of scary…

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Meanwhile, the Nasdaq and Dow limped into the close as Apple cratered (-3.23%) after the iPhone 17 reveal fell flat (“we made it thinner” isn’t exactly generational innovation), while Salesforce also slipped -3.77%. Oh, and Chewy faceplanted 16%, presumably because when you look at last year's sales compared to this year's sales… you might start to wonder if the bean counters at Chewy also moonlight at the BLS. 

Regardless though, the headline within the markets is still inflation + AI. With PPI down -0.1% in August vs. +0.3% expected, traders are now pricing a 100% chance of a Fed cut next week… and even whispering about a possible 50 bps chop. Translation: Jerome “Too Late” Powell is finally about to throw the doves a bone. Because of this, the Street had their way with price targets on the S&P 500. Case in point: Deutsche Bank raised its year-end S&P target to 7,000. Wells Fargo upped to 6,650. And Barclays said 6,450. Basically, everyone’s scrambling to slap a bigger number on their foreheads before the AI melt-up + Jerome's money printer makes them look dumb. 

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So given all of this, what does that really mean for savvy investors like you and moí? Simple, the AI trade is 100% evolving. Oracle was supposed to be a boring, enterprise database dinosaur. Now it’s mooning like a meme stock because the market is so desperate for anything tied to cloud + AI spending. If Oracle can squeeze a 40% day off a line item, imagine what happens when the market takes off the veil of unrealistic expectations and remembers Nvidia or Broadcom’s numbers. Translation: F*ckle up buckle heads… things are about to get real. Until next time, friends… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of this writing, Stocks.News holds position in Robinhood, Amazon, Microsoft, Apple, and Google as mentioned in the article.