Thu Sep 11 09:20:00 UTC 2025: **Here’s a summary of the text:**

U.S. stocks saw mixed results on Wednesday. The S&P 500 and Nasdaq Composite achieved new record highs, driven by Oracle’s impressive AI-related revenue forecast, which boosted optimism about the AI sector. Oracle’s stock price soared. A cooler-than-expected wholesale inflation report increased the likelihood of a Federal Reserve rate cut in September. The Dow Jones Industrial Average, with fewer tech stocks, fell slightly. Other market news includes Apple’s stock decline after an underwhelming product release, Potbelly’s acquisition by RaceTrac, and gains for Nvidia and AMD.

**Here’s a news article based on the text:**

**Tech Stocks Lift S&P 500, Nasdaq to New Records Amid AI Optimism, Inflation Data**

**NEW YORK, NY -** U.S. stocks presented a mixed picture Wednesday as the S&P 500 and Nasdaq Composite both closed at record highs, propelled by a surge in Oracle’s stock price following a stunning revenue forecast fueled by AI demand. The Dow Jones Industrial Average, however, dipped slightly, hampered by its limited tech exposure.

Oracle shares skyrocketed over 35% after the company’s CEO revealed massive cloud revenue growth driven by significant bookings from leading AI companies. This sparked renewed confidence in the ongoing AI-driven market rally. Shares were up over 40% at one point during Wednesday trading, adding over $300 billion to its market cap.

Adding to the positive sentiment, a report on wholesale inflation showed an unexpected decline in producer prices for August. The Producer Price Index (PPI) fell 0.1% month-over-month, defying expectations of a 0.3% increase. This strengthens the argument for the Federal Reserve to cut interest rates at its upcoming meeting next week. Markets are currently pricing in a high probability of a rate cut in September.

However, not all stocks shared in the gains. Apple’s stock extended its losses after the unveiling of its latest iPhone models failed to impress investors. Additionally, fast food chain Potbelly announced it was acquired by gas station/convenience store chain RaceTrac for $566 million. Nvidia and AMD, key Oracle partners, experienced significant gains, as well.

Investors are now closely watching for the Consumer Price Index (CPI) release on Thursday, which will provide further insight into inflationary pressures and influence the Fed’s policy decision next week.

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