Tonight, will semiconductor stocks stop falling? Oracle brought good news. This morning, Oracle announced its performance for the third quarter of the 2024 fiscal year. Oracle stated that it will soon release an exciting joint statement with NVIDIA. It is expected that the capital expenditure for data center construction in the 2025 fiscal year will reach $10 billion. Currently, the stock has surged more than 13% in pre-market trading.
The Q3 revenue was $13.3 billion, a year-on-year increase of 7.1%, in line with expectations. The adjusted EPS was $1.41, higher than the market's expected $1.38. Of particular note, cloud computing revenue surged by 25% to $5.1 billion, exceeding expectations. Computing and storage rental revenue was $1.8 billion, and application revenue reached $3.3 billion.
NVIDIA and TSMC ranked first and second in popularity. They fell by 2% and 5% respectively overnight, but rose by 1.6% and 2.5% in pre-market trading.
Tesla ranked fifth in popularity. It rose by 4% at one point during overnight trading, forming a seesaw effect with chip stocks.
AMD ranked sixth in popularity. It rose by about 1% in pre-market trading, but fell by 4.3% overnight, accumulating a 12.7% decline from its peak.
Blockchain company MSTR ranked seventh in popularity. BTC has broken through its historical high, and MSTR has continuously surpassed the previous bull market high. It surged by 346% last year and 135% so far this year. The stock price continues to rise, accumulating risks.
Blockchain company MARA ranked eighth in popularity. It fell by 12% overnight and continued to fall by 3% in pre-market trading.
Regarding BTC breaking through its new high, on the news front:
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Former U.S. President Donald Trump hinted on Monday that if he is re-elected, he will not use regulatory power to crack down on Bitcoin or other cryptocurrencies.
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Bitcoin hit a new all-time high on Monday, reaching $72,000. Its total market value has surpassed silver, making it the eighth largest asset globally.
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BTC is a highly volatile asset, with each bull and bear cycle fluctuating by around 80%. Stocks related to this concept will also experience significant fluctuations. Investors need to be cautious of risks.
Data source: apewisdom, the most discussed stocks in the past 24 hours.
Note:
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Risk Warning:
WSB-discussed stocks, especially for small companies (such as the 2021 GameStop GME and AMC), may experience significant fluctuations due to retail investors' enthusiasm or abandonment. Please be aware of the risks.

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Oracle is expected to spend $10 billion on data center capital expenditures in the 2025 fiscal year, with a pre-market surge of over 13%.

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WSB Hot Topic | Oracle stabilizes chip stocks, cloud computing revenue surges by 25%