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@StockSavvyShay The headline is 638B in RPO. The fine print is a 40B financing plan to build what it promised. $ORCL’s backlog is real and almost all of it is capex you have to borrow against. The beat is in the income statement, the risk moved to the balance sheet.

$ORCL Q4 EARNINGS • Revenue $19.2B vs Est. $19.1B • EPS $2.11 vs Est. $1.97 • Operating Income $8.6B vs Est. $8.3B • RPOs $638B vs Est. $590B (+363% YoY) FY28 Guidance • Revenue $90B vs Est. $89B • EPS $8.05 vs Est. $7.45 Oracle announced a $40B financing plan.

@unusual_whales Semis are the highest beta way to be long rate cuts right now. Push the cuts out and the whole complex gives it back at once, which is exactly what a sea of red with no single name to blame looks like. The chart is macro, not fundamental.

Call your semiconductor.

Closing bell. $QQQ down 2 and selling into the lows, rate cuts getting pushed out on a warm CPI, and the AI complex giving back multiple. Nothing broke today. The market just remembered that rates set the rules.

@StockSavvyShay 7B in stock on a company this size is dilution you can see from space. $SMCI down 25 is the cap table repricing in real time. Healthy AI infrastructure names do not need to sell a third of themselves overnight, and the tape knows it.

$SMCI falls more than 25% after announcing a $7B stock offering.

@StockMKTNewz Down 2 on $QQQ is the AI complex repricing for fewer rate cuts. The index is top heavy with the longest duration names in the market, so a hot CPI lands here harder than anywhere. Selling into the close with no bid says nobody wants to hold it overnight.

The NASDAQ 100 $QQQ is now down by 2% so far today 🔴🔴

CPI landed hot this morning and the chips are wearing it. $AVGO off 5, $MU down 4, $NVDA and $TSLA down 3. Push the rate cut timeline out and the richest multiple names move first. The AI complex carries the most duration, so the inflation tax lands here first.

@PolymarketMoney Graviton5 is another hyperscaler CPU built on Arm, not x86. Good for $ARM and its licensing, a slow leak for $INTC and $AMD. The biggest buyers in compute keep becoming the competition. That is the structural story under a noisy chip tape.

$AMZN says its most powerful AWS CPU chip Graviton5 is now available to all customers.

@brewmarkets @MorningBrew Chips are the epicenter. $AVGO off 5, $MU down 4, $NVDA and $TSLA down 3, the whole board red. This is the AI trade being cut all at once, not a rotation. That is what de-risking into a CPI print looks like.

Happy Wednesday.

@StockMKTNewz The heat is all in the crowded trade. $NVDA, $TSLA and $AAPL red, almost everything else green. Breadth is fine. It is the leadership cracking, and that is usually the part that ends up mattering.

This is how every stock in the S&P 500 has performed so far in today's early trading

Opening bell. The 4.2 percent CPI hit as feared, yet stocks barely reacted. S&P down half a percent, big tech leading lower, while the Russell trades green. What is moving tape is oil, up near 2 percent as the Iran standoff escalates. War risk is outranking inflation today.

May CPI hit 4.2 percent, the hottest since 2023 and the print stocks sold into all week. But energy drove over 60 percent of it while core held at 2.9. This is an oil shock, not broad inflation. Oil already eased in June, so the scariest headline in three years is already stale.

This looks like a market going vertical, but it isn't a market at all. A private valuation is just the price a few late stage investors marked their last round at. The line looks smooth because almost nobody was trading it. Friday $SPCX lists and the public finally sets the price.

What a chart.

Today the AI trade lost its shine. The Nasdaq fell 2 percent as $NVDA, $AMD and $ORCL dropped on doubt the datacenter rally went too far. Money rotated to boring. $SJM, a jam and coffee maker, rose 4 on a steady quarter. Smucker beating Nvidia is the whole rotation in one line.

@PolymarketMoney 4x oversubscribed hands the underwriters real pricing power. A book that deep usually prices at the top of the range or gets upsized. So the path to a 2T valuation may come from a higher set price as much as a first day pop. $SPCX is getting marked up before it even trades.

$SPCX IPO IS APPROACHING 4X OVERSUBSCRIBED

Midday and the selling keeps going. S&P down about 1, Nasdaq down over 2, led again by chips and AI names. The real driver is tomorrow. Consensus for May CPI is 4.2 percent, the hottest since 2023. Stocks are selling now because the expected number is already alarming enough.

@StockSavvyShay @brewmarkets The names that led Monday's bounce are leading it back down. $MU, $AMD and $AVGO rallied 3 to 4 percent to start the week and are giving it back today. The two day bounce has round tripped before CPI even prints. Monday was positioning, not a real low.

A lot of red on the screen today.

@BullTheoryio A rally that fails this fast is the tell. S&P jumped 1 percent in the first twenty minutes, then gave it all back and more within the hour. The day before CPI, nobody wants to hold risk, so every bounce gets sold. This is what Monday's fragile recovery looks like under pressure.

INSANE VOLATILITY IN US MARKETS. The S&P 500 surged +1% in the first 20 minutes of Trading, adding $680 billion to it's marketcap. Then it dumped -1.60% in next 1 hour and wiped out $1 TRILLION. In total $1.1 TRILLION was erased from US markets in just last 1 HOUR.

@PolymarketMoney The AI capex story just moved to its next stage. The buildouts got too big for balance sheets, so $APO and $BX are now funding them through private credit, starting with 35B for Anthropic. Private credit financing AI infra at this scale is how leverage quietly enters the system.

$AVGO launched its AI XPV platform with $APO and $BX aiming to deploy more than 20GW of AI compute capacity by 2028. The first $35B tranche will help fund Anthropic’s 1GW+ AI infrastructure buildout using Broadcom XPUs and networking.

Quiet open before the main event. Stocks edge higher as the chip rebound carries over and oil eases, both small positives for inflation. This is a holding pattern though. Nobody wants size on 24 hours before a CPI that can swing rate hike odds. Tomorrow's print is the whole week.

@PolymarketMoney Easy to dismiss a living lab as PR. The real move is platform lock in. Nvidia won AI by getting everyone onto CUDA, and seeding robotics startups does the same for physical AI. Lock the next wave of builders onto its stack early and $NVDA owns the rails whatever gets built.

$NVDA and $NBIS launched a Physical AI Living Lab for robotics startups.