Data centers are scarce
Source: BofA
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.
Apple Launches New $1k Phone – You Buying?
Apple’s live product event delivered the usual fanfare with updates to iPhones, AirPods, and Watches. The spotlight, however, was on the iPhone Air, Apple’s thinnest phone yet, built with titanium and ceramic and powered by the new A19 chip. Despite the buzz, markets were unimpressed: $AAPL closed down 1.48%, the only Mag 7 stock in the red on Tuesday.
‼️ JUST IN : Taiwan Semiconductor $TSMC’S REVENUE JUMPED OVER 33.8% YoY TO $11.09B IN AUGUST
👉 TSMC (TAIWAN SEMICONDUCTOR) MAKES ALL THE CHIPS FOR NVIDIA , APPLE , AMD AMONG OTHERS 👉So far in 2025 (Through August) TSMC has brought in total revenue of $80.33B up 37.1% YoY. Source: GURGAVIN
Everything Apple just announced:
iPhone 17 Air, AirPods Pro 3, Apple Watch Series 11 and more, a summary by CNBC 👇
