Synopsys Drops, Chewy Slides, Oracle Gains on Bullish Outlook
On this episode of Stock Movers:
- Synopsys (SNPS) shares drop after the company gave a weak reading on revenue from design IP and a weaker-than-expected earnings outlook. The company also warned that US export restrictions are contributing to a slowdown in China
- Chewy (CHWY) shares slide after the retailer of pet products reported its second-quarter results and gave an outlook. CHWY had risen more than 20% off an August low, as of last close.
- Oracle (ORCL) shares rise after the company gave a bullish outlook for its cloud business. After FY2026, it sees Cloud Infrastructure revenue in subsequent four years of $32b, $73b, $114b and $114b.
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