24H｜Big Tech Stocks Rise, Oracle up 30%, AMD up 3%, Nvidia up 2%; Baidu up 6%, Alibaba up 3%; CoreWeave, TeraWulf up 5%; Synopsys down 19%

Big tech stocks rose in overnight trading. Oracle up 30%; AMD rose 3%; Broadcom, Nvidia rose 2%; TSMC, Palantir, Micron up 1%.

Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up.

The company's remaining performance obligations, or RPO, the most popular measure of booked revenue, jumped 359% to $455 billion in the first quarter, ended August 31.

Nvidia-linked shares rallied in overnight trading. CoreWeave rose 5%; Aurora Innovation, APLD, SoundHound AI up 1%.

Chinese ETFs and ADRs jumped in overnight trading. Baidu rose 6%; Bilibili, Alibaba, YINN rose 3%; Li Auto rose 2%; PDD rose 1%.

Crypto stocks jumped in overnight trading. Cipher Mining, TeraWulf up 5%; Iren up 4%; BTBT rose 2%; Upexi up 1%.

Chip design software provider Synopsys missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by weakness in its Design IP business, sending shares down nearly 19% in overnight trading.

The segment includes Synopsys' interface, security and embedded processor intellectual property, along with IP implementation services.