Thanks to strong growth prospects of the US software group Oracle, the focus is also on technology shares in the entire Asian region.
• Oracle surprises with strong growth prospects
• S&P 500 reaches record high
• Tech shares in Asia jump up
ORACLE outlook inspires investors
As became known for the first quarter of its fiscal year 2026, Oracle benefits from the increasing use of artificial intelligence (AI) and surprised with a rapidly growing cloud business at the start of the year. CEO Safra Catz was optimistic of being able to increase the proceeds even more in the area than previously hoped.
Sales in the business with infrastructure for the cloud (IAAS) climbed by 55 percent to $ 3.3 billion and, according to Catz, are also to increase $ 77 percent in the current year to $ 18 billion. So far, the group had promised “70 percent growth”. “In the first quarter, we have completed four multi-billion dollar contracts with three different customers,” said the Oracle driver.
This was well received by investors. The course jump of the Oracle share even helped the broad US index S&P 500 to a record high on Wednesday.
Joy in Asia too
The effects were also noticeable in the Asia region: In Tokyo, for example, Softbank Group increased by 9.98 percent to 17,905 yen and Advant test by 4.38 percent to 13,700 yen.
In Hong Kong, the courses of the chip value Hua Hong increased by 4.63 percent to $ 50.20, in Shanghai Cambricon Technologies by 8.96 percent to 1,387 yen and SK Hynix ultimately increased by 0.99 percent to 307,000 won and Samsung to 73,400.
Editor finance.net
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