S&P 500 climbs on Oracle’s AI surge: Boeing slips amid Middle East tensions

The S&P 500 climbed on Thursday, driven by a robust performance from Oracle, which surged 13.3% to record highs amid strong demand for its AI-related services.
This rally helped offset concerns over Boeing’s share decline, triggered by ongoing tensions in the Middle East.

Oracle’s growth is seen as a key indicator of the expanding AI capital expenditure landscape. Art Hogan, chief market strategist at B. Riley Wealth, noted, "Oracle is another piece in the mosaic of AI capex spending and the ongoing need for more compute that feeds into the AI revolution."

The positive momentum extended to other heavyweight tech companies, with Microsoft, Nvidia, and Broadcom each rising over 1%, reflecting broad investor confidence in AI-driven growth sectors.

Despite geopolitical uncertainties, the market’s focus on technology and AI innovation provided a strong counterbalance, underscoring the sector’s pivotal role in current market dynamics.

Overall, the S&P 500’s gains highlight the market’s resilience and optimism fueled by AI advancements, even as external risks persist.

The S&P 500 rose Thursday, buoyed by Oracle’s 13.3% surge on strong AI demand, offsetting Boeing’s decline amid Middle East tensions. Tech giants Microsoft, Nvidia, and Broadcom also gained over 1%, reflecting optimism in AI-driven growth despite geopolitical concerns.