The third quarter will close with stock market winners dominating in unexpected firms. Technology names are among the biggest losers, giving back some of their gains from previous quarters.
Oracle (ORCL) returned around 20% in the last quarter. The stock jumped on high volume after posting strong Q1 results. Oracle Cloud Infrastructure revenue grew by 46% Y/Y.
Investors now view the firm as a strong AI investment in the cloud sector. In FY 2026, the firm will achieve revenue of $66 billion and $104 billion by FY 2029. This is a CAGR growth of 16%.
Palantir (PLTR) gained around 45% in Q3. Retail investors added to the position after the S&P 500 (SPY) index added the stock. Despite Chairman Peter Thiel selling $1 billion in company stock this year, markets are bullish on this software firm’s prospects.
Tesla (TSLA) won back the bulls after gaining over 30%. Although average prices may drop and margins are at risk of falling in the competitive EV market, upcoming robo taxi profits offer hope.
Losers
Micron (MU) managed to rebound slightly last week to cut its quarterly loss to around 18%. Intel (INTC) lost 23% after posting poor quarterly results. Fortunately, it found the source of the i7 and i9 crash and stability issues. The microcode update to the bios should prevent undamaged chips from the same problem.
In the energy sector, Occidental Petroleum (OXY) lost nearly 20% in Q3. WTI crude prices continued to fall in the period.
