Market movers: Stocks seeing action on Tuesday

) jumped after three of its wind projects bids, in partnership with Indigenous communities, were selected in B.C. Hydro’s latest request for proposals.the projects, representing a combined gross capacity of 560 MW, solidify its “position as the leading independent power producer in British Columbia.”

The company’s plans to increase 737 MAX production to a targeted 56 airplanes a month have been stymied by a series of setbacks including two fatal crashes, the COVID-19 pandemic, supply chain problems, production safety concerns and increased regulatory scrutiny, along with the recent strike. The commerce department and Micron have also agreed to preliminary terms for an additional investment of US$275-million to expand the chipmaker’s facility in Manassas, Virginia, which primarily manufactures chips sold in the automotive, networking and industrial markets.

The Seattle, Washington-based carrier expects its profit per share for the fourth quarter to be between 40 cents and 50 cents, compared with the range of 20 cents to 40 cents forecast earlier. To expand its global presence, Alaska announced new non-stop services to Tokyo, Japan and Seoul, South Korea using Hawaiian’s widebody aircraft.

Wall Street expectations for AI-linked firms have been high as they bet on the technology to be a strong growth driver in the future. The company’s shares have soared over 80% so far this year. Oracle’s chief executive Safra Catz said total Oracle cloud revenue should top US$25-billion in fiscal 2025 and reiterated that annual capital expenditure would be double this fiscal year.

The company’s shares have risen over 45 per cent so far this year, in part due to its expanded partnership with cloud heavyweight Microsoft on Monday raised its forecasts for annual revenue and profit for the second time this year as the software company expects strong growth in the usage of Atlas, its service that helps clients manage their databases on the cloud.

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