Traders work on the floor of the New York Stock Exchange (NYSE) on December 11, 2025 in New York City, USA.
Gina Moon | Reuters
of S&P500 and Dow Jones Industrial Average Both teams set new final records on Thursday. of russell 2000 The index also closed at a new high following Wednesday’s quarter-point interest rate cut by the Federal Reserve.
But as investors analyze the performance of individual stocks on Thursday, they will see that not all AI efforts are working yet. oracle The stock plunged nearly 11% after reporting weak quarterly earnings on Wednesday, weighing down AI stocks such as: Nvidia and micron.
In extended trading, broadcom The stock price fell 4.5%. The chipmaker beat Wall Street expectations for profits and revenue, but CEO Hock Tan appeared unable to address the concerns of the company’s biggest customer. googleand may eventually manufacture more chips in-house. Rising memory prices will also weigh on margins, and the company’s chip deal with OpenAI may not be binding.
That’s why we emphasize technology Nasdaq Composite It fell 0.26% even as other major U.S. indexes set new records. The combination of the two means investors are shifting away from the technology sector and into other areas of the market. For example, the S&P 500 financial sector closed at a new record, buoyed by a sharp rally. visa and master card.
While the AI topic appears to be under scrutiny, other sectors are doing well on the back of a resilient U.S. economy and supported by interest rate cuts, as Fed officials suggested on Wednesday. Barring anything else, it looks like we’re all set for a joyous holiday season.
—CNBC’s Kristina Partinevelos contributed to this report.
What you need to know today
New record for US stocks. On Thursday, the S&P 500 and Dow Jones Industrial Average hit record highs, but the Nasdaq Composite Index underperformed and fell, weighed down by Oracle. pan-european Stocks 600 The stock closed 0.5% higher.
Disney to invest $1 billion in OpenAI. The media giant will also allow OpenAI’s video generator Sora to use its copyrighted characters under a $1 billion licensing agreement. “I think this is a good investment for the company.” disney CEO Bob Iger told CNBC.
SpaceX plans to launch an IPO in 2026. Elon Musk confirmed the news in a post on X following multiple articles last week about the company’s plans to go public. Musk said over the weekend that reports about SpaceX’s $800 billion valuation were “not accurate.”
Broadcom’s fourth-quarter results exceeded expectations. The company also confirmed that its net profit nearly doubled compared to a year ago and issued strong forecasts for the current quarter on the back of AI demand. However, the stock price fell in extended trading.
(PRO) Where will Oracle go? Analysts are reconsidering their price targets for Oracle stock after the company released a disappointing and confusing earnings report on Wednesday.
And finally…
An undated editorial illustration depicting Indian rupee cash banknotes and a stock market indicator board.
Javier Guerci | Moments | Getty Images
India’s $3.3 trillion opportunity for global fund companies
This year, BlackRock, the world’s largest fund company, launched multiple mutual fund schemes in India through Jio BlackRock, marking the re-entry of the US company from which it exited in 2018. State Street, the world’s fourth-largest asset manager, is reportedly considering buying a stake in an Indian fund company.
The accelerating financialization of India’s household savings is driving capital flows, and as more retail investors participate in capital markets, opportunities for asset managers to handle these funds are increasing.
— Priyanka Salve
