Oracle, in its fiscal fourth-quarter earnings report released Wednesday, said it will introduce outcome-based commercial models across its business, shifting from traditional seat-based subscription pricing. Co-CEO Clay Magouyrk told analysts that the new models “align pricing directly to the value derived,” while CFO Hillary Maxson said customers appreciate the transparency of the approach. The company also said its Oracle Health business will grow at a double-digit rate in the current fiscal year, boosted by a new AI version of the Cerner patient care management system. Oracle said it expects to raise less capital for its AI infrastructure buildout because large clients are prepaying for graphics processing units or supplying their own hardware, with prepaid and customer-supplied hardware portions of AI contracts totaling $75 billion. The company reported remaining performance obligations of $638 billion, up $85 billion from the prior quarter.
Taiwan Semiconductor Manufacturing Co. maintains its manufacturing leadership despite Intel and Samsung making progress, Bernstein analysts wrote in a research note. While Intel may win small orders from Apple, the analysts said that is more likely due to geopolitical reasons and that the revenue impact on TSMC would be minimal. Samsung’s 2-nanometer node, they said, is closer in practice to TSMC’s 3-nanometer process and thus still trails TSMC technologically. The analysts expect TSMC’s second-quarter revenue to be slightly above the midpoint of its guidance range of US$39.0 billion–US$42.0 billion. TSMC shares traded 0.7% lower at NT$2,240.00 on Thursday.
SK Telecom’s AI data-center business could get a boost from its partnership with Nvidia, KB Securities analyst Kim Joon-sop said. He expects the partnership to evolve into a graphics-processing-unit-as-a-service business that could generate 20 trillion won in revenue and 4 trillion won in operating profit. SK Telecom has operated a GPU-as-a-service business since 2024, allowing customers to rent high-performance GPUs over the internet. The company plans to expand its AI data-center capacity in South Korea to more than 200 megawatts by 2029 from 40 megawatts in the second half of 2027, KB analysts added.
Super Micro Computer shares dropped 18% to $33.37 after the company announced plans to raise $7 billion through a combination of common stock offerings, an at-the-market offering, and convertible preferred stock. The company, valued by the market at roughly $20 billion, is issuing $1.25 billion in common stock through an underwritten public offering, another $2 billion through an at-the-market offering, and $3.75 billion in convertible preferred stock. The news came during a wider selloff in the tech sector.
Bitcoin markets continued to struggle. The CoinMarketCap “Crypto Fear and Greed Index” remained in “extreme fear” territory at 15 out of 100, moving up one point from Tuesday. Bitcoin spot ETFs recorded net outflows of $77.4 million on Tuesday, slowing from the $519.1 million outflow reported the prior week but extending a streak of negative flows. Nigel Green of deVere Group said the current period “is a difficult period for the market, but by historical standards it remains relatively mild,” pointing to previous cycles in which bitcoin shed 75%–85% of its value before rebounding. Bitcoin traded at $61,885, down 0.4% for the session, according to LSEG data.
In other analyst commentary, Berenberg said Telenor faces weaker momentum but has balance-sheet strength that could allow it to pursue acquisitions, such as CK Hutchison’s Tre in Sweden and Denmark. The bank lifted its price target on Telenor to 158 Norwegian kroner from 138 kroner. WiseTech Global’s bull at Bell Potter cut his fiscal 2026 revenue forecast to US$1.39 billion, at the bottom of the company’s guidance range, citing difficulty moving customers to a new pricing model. Oracle co-CEO Mike Sicilia said on an analyst call that fixed-price contracts and floating contracts help insulate the company from inflation in component costs.
The Dow Jones Industrial Average closed at 49,918.78 on Thursday, according to FRED data.