Oracle Corp (NYSE:ORCL, ETR:ORC) shares added 3% after the company updated its long-term forecast for its cloud infrastructure business, projecting revenue to reach $166 billion by fiscal 2030, a significant increase from the expected $10 billion in fiscal 2025.
The outlook, announced by CEO Clay Magouyrk during Oracle’s Financial Analyst Meeting at CloudWorld 2025, represents a projected compound annual growth rate (CAGR) of 75% over the next five years.
Alphabet Inc (NASDAQ:GOOG) shares surged to a fresh all-time high of $256.17 on Thursday morning, driven by the tech giant’s continued innovation across artificial intelligence, cloud computing, and digital advertising.
Thursday’s rally comes after Google unveiled a new 27-billion-parameter model for single-cell biology, C2S-Scale 27B, based on its Gemma platform.
JB Hunt Transport Services Inc (NASDAQ: JBHT) shares climbed 18% to $164.18 in early trading on Thursday after the transportation company's third quarter 2025 earnings exceeded expectations on operational efficiency improvements.
JB Hunt’s earnings per share of $1.76 for the quarter surpassed the FactSet analyst consensus estimate of $1.46.
Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) shares fell 8% on Thursday morning following the company’s release of its fiscal year 2026 financial guidance, which fell short of Wall Street expectations.
For fiscal 2026, HPE projected revenue growth of 5% to 10%, significantly below analysts’ consensus estimates of about 17%.
NIO Inc (NYSE:NIO) shares fell sharply after Singapore’s sovereign wealth fund, GIC, filed a lawsuit accusing the company of inflating its revenue through improper accounting practices.
The lawsuit argues the Chinese electric vehicle maker manipulated its financial results by recognizing more than $600 million in battery-leasing revenue upfront through Weineng Battery Asset Company, a related party that was reportedly portrayed as an independent entity but allegedly controlled by Nio.
Salesforce Inc (NYSE:CRM, ETR:FOO) shares jumped 8% at Thursday’s open after the cloud computing giant set an ambitious revenue target of more than $60 billion for fiscal year 2030, signaling a return to double-digit organic growth over the next five years.
At its Dreamforce conference in San Francisco, Salesforce outlined a plan to achieve a compound annual growth rate of more than 10% from fiscal 2026 to 2030, excluding revenue from recent acquisition Informatica.
Shares in IXICO PLC (LSE:IXI, OTC:PHYOF) climbed 4% to 13p after the neuroscience data firm reported a 13% rise in annual revenue to £6.5 million, exceeding market expectations.
The growth was driven by a mix of new contract wins, extensions to existing deals, and expansion into new areas within the neurodegenerative disease research market.