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Oracle's collaborations with OpenAI and NVIDIA, along with its supercomputing initiatives for the U.S. Department of Energy, underscore a clear strategy to capitalize on the growing AI market. These partnerships and product launches reflect a clear strategy to secure Oracle’s future growth in the cloud and AI market.

The Financial Times reported a White House national-security memo alleging that Alibaba was providing technological support to the Chinese military to target operations in the U.S. This included access to customer data, IP addresses, payment records, and AI-related services. Although Alibaba denied the allegations, the memo caused a significant drop in the stock price as it raised concerns about potential geopolitical risks and data security issues.

The partnership between DoorDash and Old Navy to offer nationwide on-demand delivery of apparel and accessories is a significant development. This expansion not only enhances DoorDash's service offerings but also brings convenience to Old Navy customers, potentially increasing its customer base and usage frequency. Such a strategic partnership can positively influence investor sentiment and boost the stock price.

Sumitomo Mitsui Financial Group (SMFG) reported a 57% rise in second-quarter net profit, which is a significant positive indicator for the company's financial performance. Additionally, SMFG hiked its profit forecast to 1.5 trillion yen from 1.3 trillion yen for the financial year to March 2026. This upward revision in earnings forecast reflects the bank's confidence in its future profitability and suggests a positive outlook for the industry.