00:07 John Highland
It’s time for Yahoo Finance’s market minute. I’m John Highland.
00:10 John Highland
We are taking a look at stocks today pushing higher. They’ve now erased all the uh losses that they faced since the start of the Iran war.
00:17 John Highland
You’re seeing a rebound in software, a rebound in tech, and the Nasdaq 100 is now on pace for its longest winning streak since 2021.
00:23 John Highland
One other company I want to focus on is Oracle. Um Oracle shares are up almost 5% on the day along with Bloom Energy, which has hit a record.
00:30 John Highland
The two are expanding their uh purchase agreement for power. Oracle’s going to buy now up to 2.8 gigawatts of fuel cell power from Bloom Energy and that’s going to supply its data centers for AI.
00:39 John Highland
Now, power’s often the biggest choke hold when it comes to data centers. So Bloom relies on a different type of energy that could be scaled more efficiently than traditional gas turbines, which could take months or years in place due to uh delays often.
00:51 John Highland
Now, Oracle’s embarking on a massive construction program to build out AI data centers for Open AI and xAI.
00:57 John Highland
And that is your Yahoo Finance market minute.