😳 Oracle leaves everyone in shock

Good evening. Oracle’s number forecasts had everyone speechless today, but we end up finding out who was behind them. One quick note: our newsletter is getting long enough that it might get clipped in your inbox, so if that happens, it’s easier to read the full version online.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎35.95% Oracle

🔔 Earnings report - Oracle just had its best day since 1992 and cofounder Larry Ellison is now the richest person alive. Why? Its cloud business is exploding. Revenue will grow 77% to $18B this year and set to climb to $32B, $73B, $114B, and $144B over the next four years. And who’s responsible for those numbers? The one and only: OpenAI, inking a record $300B cloud partnership with Oracle. [Read more]

⬆︎14.55% Klarna

IPO alert. The Swedish fintech best known for “buy now, pay later” made its NYSE debut at a $15B valuation. Klarna is pushing beyond BNPL into banking, with a debit card already in the hands of 700,000 U.S. users and 5 million more on the waitlist. The big question now: can it scale fast enough to outpace rivals like Affirm and Afterpay? [Read more]

⬆︎9.77% Broadcom

CEO Hock Tan could be in for one of the biggest paydays in corporate America, but only if the company’s AI sales take off. His new deal promises up to $616 million in stock if Broadcom can hit $120B in AI revenue by 2030, a setup that feels a lot like Elon Musk’s massive Tesla pay packages. [Read more]

⬆︎3.95% BILL

Activist investor Elliott Management has quietly built a stake of at least 5% in BILL, the payments automation company that handles more than $300 billion in transactions for small and mid-sized businesses each year. Elliott has a track record of shaking things up at underperforming companies. [Read more]

⬆︎3.85% Nvidia

Proof that the AI boom isn’t slowing down. Oracle’s big growth plans only happen if Nvidia keeps supplying the GPUs to power its cloud. In other words, Oracle’s big promises translate directly into more demand for Nvidia’s chips. [Read more]

MORE WINNERS

⬆︎16.88% CoreWeave
⬆︎9.47% Arm
⬆︎7.84% Reddit
⬆︎3.31% GameStop

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎8.92% Nio

$1B plan comes at a cost. The Chinese EV maker is looking to raise about $1.1B by issuing over 180 million new shares to fund new models, battery tech, and charging expansion. But issuing that many shares dilutes existing investors, which is why the stock sank. [Read more]

⬇︎11.95% The Trade Desk

Amazon and Netflix are teaming up in ads. Brands will be able to buy Netflix ad space directly through Amazon’s demand-side platform. Amazon Ads will have a powerful edge in the programmatic space and Netflix a more flexible setup. But The Trade Desk, one of the biggest independent ad tech firms, risks losing business as advertisers shift more spending into Amazon’s ecosystem. [Read more]

⬇︎35.84% Synopsis

🔔 Earnings report - A day to forget for the chip design software maker. Revenue came in at $1.74B, short of expectations, as U.S. export curbs rattled its China business, which normally brings in over 10% of sales. A slowdown at Intel, one of its biggest clients, added more pain. And to top it all off, the company now plans to cut 10% of its workforce while it figures out its next move. [Read more]

MORE LOSERS

⬇︎3.32% Amazon
⬇︎4.01% Affirm
⬇︎9.43% Upstart
⬇︎16.60% Chewy

⬆︎⬇︎ 1-day change
Market data: today’s market close

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