Oracle Unveils AI Supply Chain Agents as Credo Raises Revenue Guidance
U.S. stock futures rose Tuesday with QQQ up 0.26% premarket ahead of delayed retail sales data. Oracle unveiled prebuilt AI agents for Fusion Cloud supply chain workflows while Credo raised Q3 revenue outlook to $404–408 million, and Clear Channel accepted a $6.2 billion acquisition bid.
1. Futures Premarket and Data Catalysts
U.S. futures for the Nasdaq 100 ETF advanced 0.26% as investors braced for delayed U.S. retail sales figures and key employment cost index releases, events seen as critical for the Fed’s March policy decision.
2. Oracle’s AI Supply Chain Rollout
Oracle introduced free, prebuilt AI agents within its Fusion Cloud Applications, targeting automation of end-to-end supply chain workflows to boost efficiency and strategic decision-making without added subscription fees.
3. Credo Technology Ups Q3 Revenue Guidance
Credo Technology Group projected third-quarter revenue of $404–408 million, up from $335–345 million, lifting its premarket share by nearly 17% and underscoring strong demand for its next-generation optical components.
4. Clear Channel’s $6.2B Takeover Agreement
Clear Channel Outdoor agreed to an all-cash acquisition by Mubadala Capital and TWG Global at an enterprise value of $6.2 billion, marking a significant consolidation in out-of-home advertising.