Boeing Stock Plunges After Plane Crash, Cloud Stocks Rally After Oracle Beats

Published: June 12, 2025 by Omor IE

Key Points

The stock market is up slightly today due to rate cut optimism.
ORCL stock has surged after solid earnings results.
Boeing stock has declined after a plane crash.
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Cloud stocks are surging today after Oracle (NYSE: ORCL) posted solid results. An analyst called it “absolutely remarkable.” Revenue came in at $15.9 billion vs. estimates of $15.59 billion, with adjusted EPS of $1.7 vs. estimates of $1.64. Guidance also came in strong.

These results have caused other cloud computing stocks and related stocks to surge.

On the other hand, the biggest loser when it comes to bigger companies is Boeing (NYSE: BA). A plane crashed very recently in India, and the death toll is presumably well over 200. This is the first hull loss of a 787 Dreamliner.

The rest of the market has been rather mixed. Tariff-prone stocks have somewhat pulled back, but this has been offset by traders pricing in two rate cuts in 2025.

Here’s a market update as of 11:40 AM (ET) today.

The S&P 500 is up 8.94 points, or 0.15%.
The Nasdaq Composite is up 22.45 points, or 0.11%.
The Dow Jones Industrial Average is down 48.8 points, or 0.011%.

Cloud Computing Stocks Rally

Stocks in the cloud computing industry and those adjacent to it are posting stronger gains than the broader market.

Vistra Corp (NYSE: VST) is up 2.9%.
Arista Networks (NYSE: ANET) is up 2.5%.
Constellation Energy (NASDAQ: CEG) is up 2%.
Palo Alto Networks (NASDAQ: PANW) is up 1.6%.
Cisco (NASDAQ: CSCO) is up 1.2%.

Notable Gainers Today

Apart from Oracle, many other companies have surged today for various reasons.

CureVac BV (NASDAQ: CVAC) is up 39.1% as BioNTech is buying the company for $1.25 billion. The current market cap of CureVac is $1.27 billion.
TELUS International (NYSE: TIXT) is up 26.1% following a buyout proposal from its parent company, Telus Corp. It seeks to buy the company for $3.4 per share in cash.
Fortrea Holdings (NASDAQ: FTRE) is up 16.7% after activating a poison pill plan in response to third-party interest in accumulating shares. Shareholders are getting one right per common share, exercisable if an entity acquires 10% or more of its stock. Rights holders can buy the stock at a 50% discount once that is triggered.
Hippo Holdings (NYSE: HIPO) is up 14.7% as Baldwin Group will be acquiring its homebuilder network. It also announced a strategic partnership with Westwood, and it unveiled 2028 financial targets.
USA Rare Earth (NASDAQ: USAR) is up 11.8% due to a ramp-up in tariff fears.

Notable Losers Today

Simulations Plus (NASDAQ: SLP) is down 23.8% after cutting its revenue guidance. It expects Q3 FY 2025 revenue in the range of $19 million to $20 million, vs. estimates at $22.83 million.
Perpetua Resources (NASDAQ: PPTA) is down 19.6% due to an upsized bought deal public offering to $325 million.
Karooooo (NASDAQ: KARO) is down 17.9% as it announces the pricing of a secondary public offering of ordinary shares. 1.5 million at $50.
DoubleDown Interactive (NASDAQ: DDI) is down 13.6% after pricing a secondary offering at $8.5 per ADS.
Oxford Industries (NYSE: OXM) is down 12% due to disappointing Q2 guidance figures.