Big Tech groups are losing a political battle in Brussels to gain access to the EU’s financial data market
This was despite Donald Trump’s threats to punish countries that “discriminate” against US companies with higher tariffs. With the support of Germany, the EU is moving to exclude Meta, Apple, Google and Amazon from a new system for sharing financial data that is designed to enable development of digital finance products for consumers. Such a decision would hand a significant boost to banks in their efforts to fight off a competitive threat from Big Tech groups, which they fear will use their data to disintermediate them from their customers while extracting much of the value of knowing people’s spending and saving behaviour. After more than two years, negotiations on the Financial Data Access (FiDA) regulation are entering the final stages in coming weeks, with Big Tech groups facing almost certain defeat, according to diplomats. Source: FT https://lnkd.in/eMfM2QFb
Seagate is now the top performing stock in the S&P 500 for 2025
The GenAI bull market is expanding. Source: Mac10
Is Larry Ellison the GOAT?
1) Owns 40% of $ORCL, 2) Hasn't sold any shares! 3) $ORCL bought back 50% of the shares outstanding, 4) Now worth $401B. He is 81 years old and could be on his Yacht in Monaco. Yet, he remains the CEO of the company he founded 48 years ago, and still answers questions on earnings calls! Still creating value for his shareholders. Unbelievable! Source: Ray Myers @TheRayMyers
The Economist cover page this week
Peak AI spending growth???
Elon Musk has lost his title as the world's richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump
Ellison's wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk's $385bn (£284bn), according to the Bloomberg Billionaires Index. Source : bloomberg
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
