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Premarket Movers | ChargePoint Surges 9%; ServiceTitan Jumps 5%; Critical Minerals Companies Gain; Oracle Rises 2%

Tiger Newspress12-05 17:47

EV charging network ChargePoint's Q3 revenue beat expectations. The shares jumped 8.5%.

ServiceTitan shares rose 4.9% after the vertical SaaS provider for trades professionals delivered better-than-expected third-quarter earnings and lifted its revenue guidance for the year. The company also posted double-digit year-over-year growth across several key operational metrics, underscoring strong adoption of its core software and FinTech suite.

Critical minerals companies shares gained again as US planned more stakes in minerals companies. Albemarle, Teck Resources, and MP Materials rose 3%; United States Antimony, Lightbridge, Centrus, Energy Fuels, and Lithium Americas rose 2%.

Oracle shares rose 1.8%. The company will hit the wires after the market closes on Wednesday. Analysts forecast Oracle’s total sales to grow by 15% to $16.2 billion, according to FactSet, powered by its cloud-based and AI-driven offerings. Its older, more outdated software isn’t really growing anymore, but the company is signing up new corporate customers for its highly efficient AI product. The cloud infrastructure segment grew 55% in the first quarter, and is expected to grow at a similar rate in the second quarter.

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