24H|Oracle Jumps 8%; Tesla Drops 2%; Chinese ADRs and Crypto Stocks Fall; GameStop Plunges 11%

Tiger Newspress
2025/06/12

Oracle raised its annual revenue growth forecast on Wednesday, betting on robust demand for its cloud offerings from companies deploying artificial intelligence, sending its shares up 7.6% in overnight trading.

Voyager Technologies shares gained another 3.7% in overnight trading. The defense and space firm's shares soared 82.2% in their U.S. debut, signalling strong interest in the sector expected to thrive under the Trump administration.

Tesla stock dropped 1.5% in overnight trading. The stock eked out a gain on Wednesday, its fourth in a row, as Trump-Musk feud cooled and robotaxi launch neared.

Chinese ADRs fell in overnight trading. US President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and Beijing agreed on a framework covering tariff rates. XPeng fell 4%; Alibaba fell 3%; Bilibili, NetEase, and Li Auto fell about 1%.

Crypto stocks dropped in overnight trading. Circle and SharpLink Gaming fell 3%; CleanSpark, MARA Holdings, Riot Platforms, and Strategy fell about 1%. Coinbase fell 0.7%.

Video game retailer GameStop said that it plans to offer $1.75 billion worth of convertible senior notes to investors, expected largely to fund its Bitcoin-buying aims. The shares sank 11.3% in overnight trading.

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