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Oracle investors are on cloud nine today as the stock reached record heights. The companys fourth quarter earnings results beat expectations yesterday and projected even more gains in cloud infrastructure. After rising nearly 8% in after-hours trading following the earnings release Wednesday evening, Oracle (ORCL) has continued to rise throughout the day on Thursday. The stock reached an all-time record of $202.04 at 12:30 p.m. Thursday, and has been steady since then. Oracle’s financial results for the fourth quarter showed $15.9 billion in total revenue, up 11% from the previous quarter. The net income for the quarter was $3.4 billion, with earnings per share of $1.19. Growth in Oracles cloud infrastructure revenue was particularly strong, jumping 52%, and it shows no signs of slowing in fiscal year 2026. The companys cloud infrastructure sales are projected to grow over 70% next fiscal year. Today, Oracle got the ball rolling by announcing a multi-year cloud infrastructure contract with Seekr, an artificial intelligence company. FY25 was a very good yearbut we believe FY26 will be even better as our revenue growth rates will be dramatically higher, Oracle CEO Safra Catz said on the companys Q4 earnings call. Oracle is well on its way to being not only the worlds largest cloud application companybut also one of the worlds largest cloud infrastructure companies. These powerful growth projections have also helped propel Oracle stock upward today, helping to boost the big tech sector and the S&P 500 along with it. Oracle has a market capitalization of $563 billion as of midday Thursday.
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E-Commerce
It hits at a certain time in the afternoon, when a familiar craving strikes. You walk to the kitchen. The satisfying sound of a can cracking, the hiss of bubbles. Its time for a fridge cigaretteor as you might know it, a can of Diet Coke. Earlier this week, TikTok user @reallyrachelreno posted: Overheard someone call Diet Coke a fridge cigarette and nothings been more true to me since. The video, which has since been viewed 3.5 million times, shows her cracking open a cold one in the sun. The caption: Time for a crispy ciggy in the summer. (ICYMI: The term crispy is used to describe a Diet Coke chilled to perfectionbonus points if served with pebbled ice and a lemon wedge.) @reallyrachelreno time for a crispy ciggy in the summer @Diet Coke #fyp #dietcoke Cruel Summer – Taylor Swift For many, the comparison is spot-on. Wow, thats so real. It just takes the edge off, one person commented. I gauge how hard my day is to determine if I get a little fridge cigarette, another added. In a follow-up video, @reallyrachelreno cleared up a few things based on the comments. According to her analysis: Diet Coke equals Parliaments, regular Coke equals Marlboro Reds, and Coke Zero equals American Spirits. Any other diet soda equals menthol (disparaging). Full-fat Coke in a glass bottle? Thats a cigar. In recent years, Diet Coke has made a noticeable comeback. Gen Zs version of the smoke break is the “Diet Coke break.” On TikTok, Diet Coke recipes go viral. Gen Z is obsessed with Diet Coke, Snaxshot writer Andrea Hernández noted in a recent newsletter. What is now being dubbed as fridge cigarettes has earned a cultural cachet without Coca-Cola having to do anything . . . but focus on delivering on taste and product. According to Hernández, Coca-Cola has held onto its position as the number one soda in the U.S. by tapping into nostalgia. After all, what captures the sweet nostalgia of summer better than a crisp can of Diet Coke in the sun? @hauskris the @Diet Coke break origin story – yall arent ready for whats next #dietcokebreak #middaydietcokebreak #dietcoke #narratortrend #narratorsvoice #originstory #storytelling #dietcokerecipe #dietcokeforlife Got To Be Real (s performed by Cheryl Lynn) – Pop Music Workshop Alongside the rise of the fridge cigarette, actual cigarettes have also crept back into pop culture, as The New York Times reported. In her hit single Headphones On, Addison Rae sings: Guess I gotta accept the pain / Need a cigarette to make me feel better. In What Was That, Lorde recalls: I remember saying then, This is the best cigarette of my life / Well, I want you just like that. Its a sign of the times. Clean Girl is out. Cigarettes are cool again. And in a world full of prebiotic soda and protein water, sometimes all you really want is a crispy fridge cigarette to take the edge off.
Category:
E-Commerce
A dozen years after its launch, fintech company Chime rang the bell this morning at the Nasdaq MarketSite in Times Square to celebrate its initial public offering. One of the most anticipated IPOs of the year, Chime is seemingly already basking in listing-day glory. After announcing that shares would hit the exchanges at a price of $27, investors were champing at the bit, and shares opened much higher, at around $43. That gave the company a valuation of around $18.4 billion. I never imagined when Chris [Britt, Chimes other cofounder and current CEO] and I met that wed be standing here today, Chime cofounder Ryan King tells Fast Company. Even if Chime does manage to reach that lofty $17 billion valuation, that is still a far cry from the $25 billion valuation it lassoed in 2021. Notably, another fintech company, eToro Group, also recently went public and has seen shares grow by 18% in the weeks since. Circle Internet Group, a stablecoin issuer, experienced a similar post-IPO boost in recent weeks. While we dont know where Chimes stock is headed, the companys leadership is happy to mark the milestone. Its a special moment, and Im feeling a lot of gratitude, King says. I figured itd be fun, wed learn some stuff, and build something new. But odds were, it wouldnt work out. That was the extent of it. But after building the company into one of the biggest fintechs on the market over the last 12 years, King says its a culmination of everything he and Britt have worked toward. Chime offers online banking products and services, many of which don’t add on additional fees or charges that may be associated with the same services at traditional banks. It has roughly 8.6 million members, and during 2014, generated $1.7 billion in revenue, a 31% increase over 2023. King says that the IPO timing was right for the company, despite volatility in the markets and political space. We have been preparing for this moment for a while. Were not trying to time the market, he says. We felt like the time was right. As for whats ahead, King says theres still more work to do. Two-thirds of the country are not well served by the big, traditional banks, and we feel like weve created a better model, he says. Were just getting started. Theres a lot more [work] in front of us than behind us.
Category:
E-Commerce
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