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Daily Market Digest (Sep 3, 2026) 🤖 AI-Powered
Today's news covered a mix of technology, crypto, geopolitical and macro developments.
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Search Results for "CLOUD" (392 articles)
Oracle has initiated an eight-part dollar bond sale to raise $45-50 billion, primarily for cloud infrastructure expansion, indicating a significant investment in AI and digital transformation.
India is offering 20-year tax breaks to attract Big Tech companies, particularly those in the cloud services sector, as part of its efforts to boost its AI ambitions.
Oracle plans to raise $45-50 billion for cloud infrastructure expansion through debt and equity sales, indicating significant investment in its cloud business.
Microsoft's stock plummeted 10% in a single day due to disappointing growth in its cloud computing business, marking its largest decline since 2020.
Microsoft's stock has experienced a significant decline in market capitalization, potentially labeling it as 'dead money' due to the company's focus on internal AI development over immediate cloud revenue.
Microsoft's stock plummeted 10% after its earnings report showed slowing growth in its key cloud unit, resulting in a $357 billion valuation loss, the largest since Nvidia's $593 billion rout last year.
The market is down today due to Microsoft's 12% decline, primarily driven by concerns over its cloud-business revenue, with technology stocks leading the downturn.
Stocks slipped due to disappointing earnings from Microsoft, leading to a tech selloff and a decline in the Nasdaq composite by over 1%.
US software stocks declined after SAP and ServiceNow's earnings reports fueled concerns about AI-related competition, leading to drops in shares of ServiceNow, Salesforce, Adobe, and Datadog.
Upwind, a cloud security company, has raised $250 million in a Series B funding round, valuing the company at $1.5 billion.
SAP shares plummeted 15% due to concerns over its cloud business, with the company expecting a slight deceleration in revenue growth.
SAP shares experienced their largest daily drop since 2020 due to disappointing fourth-quarter cloud contract growth, affecting investor confidence.
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