Home / Business and Economy / Uber, Oracle Surge; Campbells Falls on Profit Woes
Uber, Oracle Surge; Campbells Falls on Profit Woes
12 Mar
Summary
- Uber to deploy Amazon's robotaxis in Las Vegas this summer.
- Oracle's AI infrastructure sales surged, surpassing expectations.
- Campbells cut profit outlook to lowest in a decade due to constraints.
Uber's stock saw a significant increase following the announcement of a multiyear agreement with Amazon's Zoox. This partnership will enable customers to hail robotaxis from Zoox via the Uber app in Las Vegas starting this summer, with expansion to Los Angeles in 2027.
Oracle's shares advanced in early trading due to robust performance in its infrastructure business, which reported $4.9 billion in revenue for the quarter ending February 28, 2026. This figure surpassed analyst expectations and signals sustained demand for AI computing resources.
In contrast, Campbells' stock price dropped after the company revised its profit outlook to the lowest in a decade. This downward revision is attributed to reduced consumer spending on snacks and ongoing supply chain challenges impacting the availability of its freshly baked products.
