Top Movers: Which Stocks Are Dominating the Market Today?

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Oracle reported strong Q4 earnings beating estimates with $1.70 per share and revenue of $15.9 billion, driving stock up 7.7% premarket
Boeing shares fell 7.5% after an Air India Boeing 787-8 Dreamliner crashed near Ahmedabad airport with 242 passengers aboard
GameStop dropped 12% after announcing plans to offer $1.75 billion in convertible notes for corporate purposes and potential Bitcoin investments
Oklo declined 5.3% despite winning Air Force contract, as company announced $400 million stock offering
President Trump announced plans for new unilateral tariffs within 1-2 weeks, causing stock futures to decline Thursday

Stock futures dropped Thursday morning as President Trump announced plans to implement new tariffs on trading partners within the next two weeks. The move reignited trade concerns after a period of relative stability in international commerce.

Oracle delivered strong fourth-quarter results that exceeded Wall Street expectations. The technology giant reported adjusted earnings of $1.70 per share, beating analyst estimates of $1.64 per share.

Oracle, $ORCL, Q4-25. Results:
🟢 +4% Post-Market
📊 Adj. EPS: $1.70 🟢
💰 Revenue: $15.9B 🟢
📈 Net Income: $3.4B
🔎 Cloud Infrastructure (IaaS) revenue surged to $3.0B, showing continued strong momentum in OCI demand and multicloud growth. pic.twitter.com/aFK1utxpYG
— EarningsTime (@Earnings_Time) June 11, 2025

Revenue reached $15.9 billion, representing an 11% increase from the previous year. This figure topped consensus estimates of $15.59 billion across all business segments.

The company’s cloud infrastructure division showed particularly strong performance during the quarter. Revenue in this segment jumped 52% to reach $3 billion compared to the same period last year.

CEO Safra Catz provided optimistic guidance for the upcoming fiscal year. She stated that Oracle expects cloud infrastructure growth rates to exceed 70% in fiscal 2026.

Boeing Faces Crisis After India Crash

Boeing stock tumbled 7.5% in premarket trading following news of a major aviation incident. An Air India flight carrying 242 passengers crashed near Ahmedabad airport in western India.

Flight AI171 was bound for the United Kingdom when it went down shortly after takeoff. The aircraft involved was a Boeing 787-8 Dreamliner, one of the company’s flagship models.

State police officials confirmed the crash occurred near the airport facility. Information about potential casualties remained unclear at the time of initial reports.

The incident adds to Boeing’s ongoing safety concerns that have affected the company’s stock performance. Investors reacted negatively to news of another Boeing aircraft being involved in a major incident.

GameStop Plans Major Convertible Note Offering

GameStop announced plans to raise $1.75 billion through convertible notes, causing shares to fall 12% in premarket trading. The video game retailer stated it would use proceeds for general corporate purposes and potential acquisitions.

The company updated its investment policy in March to include Bitcoin as a treasury reserve asset. This move aligns with GameStop’s broader strategy to diversify its financial holdings.

Oklo shares declined 5.3% despite winning a contract to provide power to an Air Force base in Alaska. The nuclear startup announced a $400 million common stock offering for corporate purposes and future investments.

Palantir Technologies traded down 0.4% after reaching a record high of $136.35 on Wednesday. The AI data analytics company has gained 80% this year driven by strong earnings and defense contracts.

Oxford Industries fell 10% after reducing its fiscal year outlook due to tariff costs. The company now expects earnings between $2.80 and $3.20 per share, down from previous projections of $4.60 to $5.00.

GameStop plans to use convertible note proceeds consistent with its updated investment policy that includes Bitcoin holdings.

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