Hope you all kept your kids' Pokemon cards...
Source: WSJ
Consensus is for cuts with no recession
Source: Goldman Sachs
Data centers are scarce
Source: BofA
Gold stocks have crushed every sector of the S&P 500 this year
Source: Tavi Costa, Bloomberg
Oracle is expecting its “Cloud Infrastructure” revenue to rise to an eye-watering $144 billion in its fiscal year 2030. That’s up more than 14x on last fiscal year’s ~$10 billion haul
If, and it is an if, the company hits that forecast, it will have shades of another AI enabler’s meteoric rise: Nvidia’s data center business, which saw its revenue increase from $6.7 billion in FY 2021 to $115 billion in FY 2025, with analysts anticipating more than $184 billion in data center revenue this fiscal year. Source: Chartr
On Tuesday night Oracle posted arguably the most remarkable quarter of any tech giant this year, sending the stock up as much as 40% in early trading Wednesday morning
Actually, the quarter itself was unremarkable, it was the forecast for what’s to come that completely blew analysts away. That cloud portion, historically, not a major driver of the company’s bottom line, is where Oracle is seeing growth explode, with the company expecting its “Cloud Infrastructure” revenue to rise to an eye-watering $144 billion in its fiscal year 2030. That’s up more than 14x on last fiscal year’s ~$10 billion haul. Source: Chartr
BREAKING: Oracle and OpenAI have signed a deal worth $300B, the largest cloud computing contract in history as per the Wall Street Journal
Looks like we found the customer responsible for Oracle’s 350% increase in remaining performance obligations. Source: @amitinvesting on X
Robinhood Forays Into Social Media
Robinhood is expanding beyond trading with the launch of Robinhood Social, set to debut early next year with a limited invite-only rollout before going wider. Users will be able to: 1) Post trades and follow other traders, 2) Discuss market moves directly in the feed, 3) Trade from within the app at no extra cost, 4) View verified P&L histories and even track trades of public figures via disclosures. CEO Vlad Tenev: “Robinhood is no longer just where you trade – it’s your financial superapp.” At its annual Hood Summit, the company also unveiled futures trading (S&P 500, oil, Bitcoin, gold), short selling, and overnight index option trading coming in 2025. $HOOD has already tripled this year and joins the S&P 500 on Sept. 22.
