Markets on edge: Microsoft reportedly ends $3 billion cloud infrastructure talks with Oracle, exacerbating the chip stock pullback

Microsoft was recently reported to have been in talks with Oracle regarding the leasing of cloud infrastructure, but the deal—valued at over USD 3 billion—ultimately collapsed because Oracle’s public cloud lacks FedRAMP security certification and Oracle refused to add it. The news, released after market hours on Tuesday, further weighed down Oracle’s stock and chip-related equities. The U.S. equity market is currently highly sensitive—and somewhat jittery—about narratives surrounding AI-related capital expenditures; this marks the second market-moving incident in less than a week triggered by news concerning AI infrastructure.

wallstreetcn08:31

EssilorLuxottica will collaborate with Applied Materials to develop AI-powered eyewear and augmented reality technologies.

EssilorLuxottica, the world’s largest eyewear manufacturer, and Applied Materials announced on Tuesday that they have signed a long-term agreement to jointly develop augmented reality (AR) display technologies and artificial intelligence (AI) glasses. Under the agreement, EssilorLuxottica and Applied Materials will scale up the commercialization of AI glasses, with research and development focused on advanced optical technologies. EssilorLuxottica has already established a leading position in the AI glasses market through its long-standing collaboration with Meta, launching the Ray-Ban and Oakley smart eyewear brands. Their first device featuring an integrated display, Ray-Ban

Global Markets Bulletin07:51

U.S. Market Close | Investors Await Wallsh's Debut; Mixed Performance Across Major Indices, Dow Hits New High; SpaceX Surges 49% Post-IPO; Chip Stocks Under Pressure, Intel Drops Over 8%, AMD Falls More Than 7%; WTI Crude Oil Declines Nearly 5%

The Dow Jones Industrial Average rose 0.64%, reaching a new all-time high, while the Nasdaq Composite fell 1.15% and the S&P 500 declined 0.57%. Semiconductor stocks plunged, with the Philadelphia Semiconductor Index dropping 5.7% in a single day. Details of the U.S.-Iran peace agreement continue to emerge, pushing WTI crude oil futures below $75 per barrel intraday—the lowest level this year—and driving U.S. Treasury yields lower, with the 30-year yield closing below the 5% mark.

wallstreetcn06:43

Top 20 by Trading Volume | SpaceX rises for three consecutive days, surpassing Amazon in market capitalization to become the world's fifth-largest publicly traded company; Apple's 2027 product roadmap leaks; memory and optical communications sectors weake

On Tuesday, SpaceX, the most actively traded stock on U.S. markets, rose 4.83%, with trading volume reaching $66.704 billion. Since its Nasdaq listing, SpaceX shares have climbed for three consecutive days, surging nearly 50% above their initial offering price. The stock closed at $201.80 on Tuesday, up $9.30 or 4.83%. The company’s market capitalization reached $2.64 trillion, briefly surpassing both Amazon and Microsoft during the session and propelling it into the ranks of the world’s five most valuable companies just days after its public debut.

Global Market Update05:14

$1000 Invested In Applied Materials 10 Years Ago Would Be Worth This Much Today

Benzinga04:15

Snap's Pricey SPECS Enter the Crowded AR Field

Seeking Alpha02:42