Oracle Corp. is one of the world's largest independent enterprise software companies, with annualized revenue over $67 billion. Its software products include database, middleware, application, and cloud-based software designed for general business purposes and for specific industries. In addition, Oracle provides product upgrades, maintenance releases, and patches through license update agreements, as well as extensive product support. Oracle also provides server hardware. It expanded its presence in the healthcare market with the Cerner acquisition in 2022. The company has about 160,000 employees. About 37% of revenue comes from outside the Americas region.

Thursday looked like a day of indecision until the early afternoon, when President Trump (again) called off strikes on Iran and said the U.S. will soon sign a deal with that country. Markets went ballistic, with crude oil tanking, Treasury bonds ripping, and stocks exploding - and with money flowing back into prior leaders, namely anything AI. After about 40 headlines that suggested a deal was close, the markets responded like the war in the Middle East is already over and that the Strait of Hormuz is already reopened.

May was another very good month for stocks, as AI continues to work its magic -- spreading its tentacles further and further beyond the original winners. The S&P 500 rose 5.2%, the Nasdaq ripped higher by 8.4%, and the Nasdaq 100 surged 10.6%. The Technology Sector SPDR (XLK) soared 20%, its best month since October 2002 when it was emerging from the great IT disaster. More impressively, the two-month gain reached 43.7%, the best two-month gain since November 2002.

The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the recent period of high inflation, has expanded to record levels. If U.S. corporations weren't innovating, creating new products (such as AI and vaccines) and services (such as Zoom calls and Netflix), as well as moving into new markets (clean energy, rare drugs), the domestic economy would not be growing, and capital would not be flooding into the country. Consider that U.S. GDP was approximately $1 trillion in 1930 but was almost $31.5 trillion at the end of 2025. That's growth of 30-times. Meanwhile, the U.S. population has grown less than 3-times during that time span, to 340 million from 120 million. The delta between GDP growth and population growth has been driven, in large part, by innovation.