On Wednesday, Eastern Time, the three major U.S. stock indexes closed mixed, with the Nasdaq Index and the S&P 500 Index hitting new highs.
As of the close, the Dow Jones Industrial Average closed down 220.42 points, or 0.48%, to 45,490.92 points; the Nasdaq closed up 6.572 points, or 0.03%, to 21,886.06 points; the S&P 500 closed up 19.43 points, or 0.30%, to 6,532.04 points.
On the market, large technology stocks rose and fell mixed, Nvidia rose by more than 3%, Microsoft and Tesla rose slightly, Apple and Amazon fell by more than 3%, Facebook fell by more than 1%, and Google fell slightly.
Energy stocks rose generally, Occupy Oil rose more than 3%, ConocoPhillips rose more than 2%, ExxonMobil and Chevron rose more than 1%.
Most chip stocks rose, Broadcom and ARM rose by more than 9%, TSMC and Micron rose by more than 3%, Chaowei Semiconductor rose by more than 2%, and ASM fell by more than 1%.
In other stocks, Oracle's stock price rose nearly 36% to a closing high, with a market value exceeding US$920 billion, and its market value soared by about US$250 billion (approximately RMB 1.78 trillion).
According to the news, the company expects cloud infrastructure revenue to grow 77% to $18 billion in fiscal 2026. OpenAI has reportedly signed an agreement to purchase $300 billion in computing power from Oracle in about five years. The deal is one of the largest cloud service contracts ever. The contract will require 4.5 GW of power capacity.
According to the Bloomberg Billionaire Index, on the morning of the 10th local time, Oracle co-founder Larry Ellison's net worth soared to US$393 billion, surpassing Musk (US$385 billion) and becoming the world's richest man.
By the close of the day, Oracle's stock price had already given up some of its gains, and Musk (the latest $384 billion) also regained the throne of the richest man, Ellison's latest wealth was $383 billion, ranking second. Before being briefly surpassed by Ellison, Musk had been ranked as the world's richest man for nearly a year in a row.
One more news
Ellison is 81 years old, co-founder, current chairman and chief technology officer of Oracle. Most of his net worth is closely linked to the database software company.
Public information shows that the current wife of Oracle founder Larry Ellison, Keren Zhu, was born in 1991 in Shenyang, Liaoning Province, China. She is Larry Ellison's sixth wife. The two got married in 2024 and have two children.
In 2010, 19-year-old Zhu Qiaolin went to the United States to study and later studied in international relations at the University of Michigan. She and Ellison were first photographed watching NBA games together in 2016, but their relationship was hidden deep until the University of Michigan’s thanks statement that the two were exposed to getting married.
Source: Daily Economic News, Morning News, Xinhua Finance, Public Information
