On August 12, Oracle rose 3.11% in pre-market trading, trading at approximately $149.70/share, with turnover of $66.02 million.

On the news front, Oracle has reportedly finalized a new round of layoffs expected to be implemented this month, with some business teams potentially facing double-digit percentage reductions. The market is interpreting this move as the company proactively compressing costs to support massive AI infrastructure capital expenditure.

As a latecomer in cloud computing, Oracle has recently secured multiple large-scale data center partnerships with OpenAI, Meta, and others in an aggressive push to catch up with Amazon and Microsoft. However, the heavy debt issuance to fund this expansion led S&P to downgrade Oracle's long-term credit rating from BBB to BBB-, just one notch above speculative grade. The company's credit default swap spreads have also surged past historical peaks. Separately, Oracle announced a multi-year partnership with quantum computing firm Quantinuum and launched new Fusion Agentic Applications with AI agents for HR.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)