With just three trading sessions left in August, all three major averages are on pace to post monthly losses.
2. Oracle upgraded to buy from neutral at UBS with a price target of $140. The analyst says Oracle "has carved out an under-appreciated edge in terms of its GPU capacity as well as its OCI architecture, enough to attract new customers and drive OCI usage." The firm's independent checks suggest that Oracle is benefitting from outsized allocations of Nvidia GPUs relative to its size.
CEO Corie Barry still sees this year as "the low point" in tech demand , says consumer electronics industry should stabilize next year and potentially grow. We've recently been buying DuPont with the thinking that the electronics industry has hit a bottom. 8. Piper Sandler increases its Broadcom price target to $925 from $830 ahead of earnings Thursday after the bell.
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