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Ericsson’s shares surge 13% after profit beat and minimal tariff concerns

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Swedish telecoms giant Ericsson saw its shares soar more than 13% on Tuesday, marking its strongest single-day rise since 2018, after the company reported better-than-expected quarterly earnings and dismissed concerns over U.S. tariffs.

Adjusted EBIT (earnings before interest and taxes) — excluding restructuring costs — reached 15.4 billion Swedish crowns ($1.62 billion) for the quarter ending September, exceeding analysts’ forecasts of 14.1 billion crowns, according to an Infront poll.

The company attributed its strong performance to ongoing cost savings and its leading market share in North America, where it has outpaced rival Nokia in the race to deploy 5G infrastructure. Ericsson’s finance chief Lars Sandström told Reuters that while no firm is entirely immune to tariffs, the company currently sees “no additional impact going forward.”

Although total net sales fell 9% year-on-year to 56.2 billion crowns, they still surpassed expectations of 55.7 billion. Sales in the Americas declined 8% compared to 2024’s strong performance, which benefited from major customer investments and network deliveries.

Ericsson also announced a new five-year partnership with Vodafone to modernize programmable networks and confirmed the completion of its Iconectiv sale, generating a one-off profit of 7.6 billion crowns — potentially paving the way for higher dividends or a share buyback program.

Ocado shares sink as Kroger reviews automated warehouse plan

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Ocado’s shares tumbled 13% on Friday after U.S. retail giant Kroger signaled a possible pullback from its investment in robotic fulfilment centres, raising doubts over one of Ocado’s most important international partnerships.

Kroger’s interim CEO Ron Sargent, who launched a strategic review of the company’s e-commerce operations in June, told investors the retailer was conducting a “site-by-site” analysis of its automated warehouse network, developed with Ocado since 2018. He said the company was “taking a hard look” at some facilities and stressed that fulfilling online orders from stores would remain a priority.

The remarks fueled investor concerns that Kroger might slow or scale back its rollout of Ocado’s customer fulfilment centres (CFCs). The 2018 deal had earmarked 20 U.S. sites, but only eight are operational, with two more in Charlotte and Phoenix slated to open in early fiscal 2025–26.

Barclays analysts described Kroger’s tone as “cautious,” noting greater emphasis on leveraging existing store footprints.

Ocado, however, sought to downplay fears, pointing to positive e-commerce growth trends flagged in Kroger’s Q2 results and stressing continued collaboration on technology and operations. CEO Tim Steiner has previously insisted that the U.S. remains a “huge opportunity,” though he declined to confirm whether the exclusivity element of the Kroger deal would remain in place after this year.

Ocado shares are now down 18% over the past year, and Kroger is expected to provide a fuller update on its review in the third quarter.

Oracle Pauses After AI-Fueled Surge Toward $1 Trillion Valuation

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Oracle shares fell 4% on Thursday, cooling off after a record-breaking 35.9% rally the previous day that had pushed the company’s market capitalization to $933 billion, edging it closer to the trillion-dollar elite. If losses hold, Oracle’s valuation will settle near $894 billion.

Ellison’s Billionaire Climb

The surge has also boosted co-founder Larry Ellison’s fortune to $371.7 billion, putting him within striking distance of Elon Musk ($441.2 billion) for the title of world’s richest person, according to Forbes.

What Fueled the Rally

Oracle’s rise has been powered by multi-billion-dollar AI cloud deals as companies race to secure massive computing power to lead in the AI arms race.

  • On Tuesday, Oracle reported its order backlog was on track to hit $500 billion.

  • The Wall Street Journal revealed OpenAI signed a $300 billion cloud deal with Oracle, one of the largest in history.

Market View

Analysts see the pullback as a breather.

  • Dennis Dick, chief strategist at Stock Trader Network: “A bit of buyer exhaustion here. I think the ‘buy the dip’ crowd is likely to re-emerge. The guidance was so incredible, hard to think that this story is over.”

Oracle’s stock has nearly doubled in 2025, making it one of the top S&P 500 performers, outpacing even the Magnificent Seven tech giants.

Valuation Check

  • Stock price: $314.45

  • Median price target: $342 (approx. +9% upside, LSEG data)

  • Forward P/E ratio: 45.3 vs. Amazon (31.3) and Microsoft (31).

Oracle’s premium valuation reflects investors’ conviction that its AI-powered cloud expansion will continue to drive outsized growth, even as short-term pullbacks test market momentum.