Welcome to Markets Desk, here's what's moving right now.
Oracle is down fifty-eight percent from its peak, but the fundamentals tell a different story. Fiscal twenty twenty-six revenue climbed seventeen percent and net income surged thirty-seven percent, driven largely by cloud infrastructure demand. At these levels, the valuation conversation is getting serious among long-term investors.
Shifting to commodities, cocoa prices exploded Monday with New York futures surging over thirteen percent to a nearly six-month high, while London contracts gained more than twelve percent. Excessive rainfall across West Africa is threatening the crop outlook, and traders moved fast. When the world's primary growing region gets weather disruptions, the cocoa market reacts with very little patience.
Meanwhile, the AI memory trade got rattled. A one hundred thirty-seven billion dollar sell-off in memory stocks sparked fears of a supply glut in the AI hardware space. But the underlying data pushes back on that narrative — Micron's high-bandwidth memory capacity remains sold out, and margin trends at Western Digital and Seagate suggest the supply picture is still tight. This looks less like a structural break and more like a sentiment-driven reset.
That's the tape. Markets Desk, signing off the floor.
