Oracle Falls, Intel Rises, Keurig Dr Pepper Drops as Holder Said to Be Selling 59.1 Million Shares
n this episode of Stock Movers:- Oracle (ORCL) shares declined after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business. The company expects to spend about $70 billion on net capital expenditures in the current fiscal year, and plans to raise another $40 billion in equity and debt.- Intel (INTC) shares rose as much as 12% after BofA Global Research raised its recommendation to buy from underperform on expected growth from central processing unit sales.- Keurig Dr Pepper (KDP)…
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