After the bell, database giant Oracle (ORCL) fell by 7.77%. The firm posted second-quarter results that did not meet expectations.
Oracle posted revenue climbing by 9.0% Y/Y to $14.1 billion. Total RPO, or remaining performance obligations, grew by $97 billion (+49%). Still, this did not impress markets.
Toll Brothers (TOL) may trade down, toward $150, after posting Q4 results. The homebuilder reported earnings that surpassed expectations. For 2025, it expects home deliveries of up to 11,600. However, its backlog value fell by 7% Y/Y to $6.47 billion.
Watch for C3.ai (AI) to open up by 5% this morning. The firm raised its fiscal 2025 revenue to between $378 million and $398 million. This is up by $3 - $5 million compared to its previous guidance. Short sellers have too big a bet against AI stock. The short interest is 18.43%.
In the space sector, AST SpaceMobile (ASTS) has a good chance of rallying back to $30. The firm signed a long-term commercial agreement through 034 with Vodafone (VOD).
Vodaphone ordered its first Block 1 BlueBird gateway. This enables its customers to get cellular coverage outside the usual range.
Markets continue to view Reddit (RDDT) as a social networking firm and an AI play. The firm upgraded its search tool with AI capabilities.
