Weekly Roundup: Oracle Gains, Klarna Kicks Off IPO Week, Synopsys Declines
On this episode of Stock Movers:
- Oracle (ORCL) shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing.
- Klarna (KLAR) and some of its shareholders raised $1.37 billion in an initial public offering priced above a marketed range, kicking off what is likely to be one of the best weeks of the year for US listings.
- Synopsys (SNPS) shares suffered their worst single-day decline on record after the chip-design software maker warned that US export restrictions are contributing to a slowdown in China, the largest market for semiconductors.
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