Stock Market Update
11-Sep-26 12:00 ET
AI Infrastructure plays sharply higher
Dow +543.27
at 52607.37,
Nasdaq +324.77
at 26427.54,
S&P +82.22
at 7673.92
[BRIEFING.COM] The major averages remain near session highs at midday.
Dell (DELL 563.12, +56.50, +11.15%), Hewlett Packard Enterprise (HPE 60.24, +5.01, +9.07%), Super Micro Computer (SMCI 39.64, +2.26, +6.05%), and NetApp (NTAP 195.23, +11.63, +6.33%) are rallying sharply following Oracle's (ORCL 153.00, +0.05, +0.04%) results, which reinforced expectations for continued strength in AI infrastructure spending. ORCL reported 121% year-over-year growth in cloud infrastructure revenue and more than $30 billion in new AI-cloud contracts, while maintaining its roughly $90-$95 billion FY27 capex target. The results are providing a boost to server, networking, and storage names that stand to benefit from the continued data center buildout.
