Oracle Corporation

Microsoft Corporation

Gemini Space Station

Microsoft and OpenAI announced a tentative agreement that will allow the AI startup to transform itself into a commercial company and attract billions in new investment. Oracle, on the other hand, has seen its shares come under pressure following reports that the growth of its cloud business relies heavily on a single customer, OpenAI. In the crypto sector, Winklevoss Brothers' Gemini IPO priced at $28 per share, generating a valuation of $3.3 billion despite continuing losses. On these and other topics - in our review of key events by the morning of September 12.

Highlights for the morning: Microsoft and OpenAI deal, crypto-IPO Gemini and rally in Asia

Alibaba Group Holding Limited

Klarna

Rubrik, Inc.

Chewy, Inc.

Oxford Industries, Inc.

Opendoor Technologies Inc.

Avidity Biosciences, Inc.

NVIDIA Corporation

Advanced Micro Devices, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

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The amount of the deal is many times the current revenue of the owner of ChatGPT

Oracle signs one of the largest cloud contracts in history with OpenAI - WSJ

Tesla, Inc.

Oracle co-founder Larry Ellison set a record among all billionaires for increasing wealth in a day

The list of the world's richest people has changed its leader after a record rally in Oracle shares

Oracle founder became $70 billion richer "on paper" in one day

Oracle's Ellison has almost caught up with Musk in the billionaire race. Will the leader change?

Apple Inc.

Morning in New York: equaling inflation

The cloud provider entered into an unprecedented agreement with OpenAI this summer, reserving 4.5 gigawatts of data center capacity for the partner

Oracle forecasts aggressive revenue growth for its cloud business. Shares soared 28%

Donald Trump has called on the EU to impose duties of up to 100% on goods from China and India for buying Russian oil - following Washington, which has already raised import duties on Indian goods. Swedish fintech startup Klarna announced the results of its IPO in New York with a $15 billion valuation, while Oracle shares jumped 28% thanks to large cloud contracts and integration with OpenAI. These and other topics are in our review of key events on the morning of September 10.

Highlights for the morning: Trump's duties, Oracle rally, Klarna IPO and the dispute over Fed independence

Technology giant Oracle, whose shares are up more than 40% this year, will report quarterly earnings after the close of trading on September 9. The market expects the company to confirm the acceleration of revenue growth due to cloud services and demand for AI infrastructure. But experts warn: even if Oracle lives up to its ambitious forecasts, the rally should not be expected to repeat.