{
  "id": 6750827,
  "title": "Premarket movers: Oracle surges on AI growth, ACV auctions jumps on $1.9B deal",
  "url": "https://urgent.news/2026/09/11/premarket-movers-oracle-surges-on-ai-growth-acv-auctions-jumps-on-1",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-11T11:18:23.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/premarket-movers-oracle-surges-on-ai-growth-acv-auctions-jumps-on-19b-deal-4897616"
  },
  "original_language": "en",
  "account": "The stock market experienced a rebound on Friday as oil prices cooled and investors focused on recent consumer inflation data, with the potential to alleviate market concerns following a challenging week. Dow E-minis rose 276 points, S&P 500 E-minis gained 40.75 points, and Nasdaq 100 E-minis increased 166.75 points. S&P 500 was on track for its largest weekly decline since June, while Dow sought its steepest weekly loss since March. Oracle shares surged 6.3% in premarket trading after the software and cloud computing company reported strong earnings for the fiscal first-quarter 2027, surpassing expectations across several metrics. The company's cloud infrastructure business experienced a 121% revenue growth, reaching $7.4 billion, and GPU utilization reached 97.9%, indicating high utilization of data-center capacity. Oracle also secured approximately $30 billion in new AI-related contracts and raised its fiscal 2027 revenue guidance above $90 billion. Adobe shares fell 2.8% before the market opened after the company issued a fourth-quarter revenue outlook that fell short of investor expectations, despite delivering stronger-than-anticipated results in the third quarter. Additionally, Adobe announced a major leadership transition, with current CEO Shantanu Narayen stepping down as President and CEO to become Executive Chair, with Anil Chakravarthy taking over as CEO effective December 1, 2026.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Oracle climbs as AI-fueled backlog growth deflects spending worries",
        "url": "https://urgent.news/2026/09/11/oracle-climbs-as-ai-fueled-backlog-growth-deflects-spending-worries",
        "published": "2026-09-11T09:01:19.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand",
        "url": "https://urgent.news/2026/09/11/oracle-jumps-6-after-reporting-30-revenue-growth-fueled-by-ai-cloud",
        "published": "2026-09-11T11:22:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}