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Luke Kawa9/10/25

Oracle’s outlook for massive cloud sales growth is driving a bid to buy everything AI

“Listen, even I’m sort of blown away by what this looks like going forward.”

That’s how the Q&A portion of Oracle’s Q1 2026 earnings call started, with Guggenheim Securities analyst John DiFucci expressing amazement at the company’s outlook for hockey-stick revenue growth in its cloud business thanks to AI.

Oracle’s outlook for cloud sales to rise in an Nvidia-like fashion to $144 billion in its fiscal 2030 from $18 billion in fiscal 2026 is fueling gains across chip suppliers, infrastructure suppliers, server companies, and power providers linked to the AI boom.

Though the gains pale in comparison to Oracle’s more than 30% advance in premarket trading, the other companies atop the S&P 500’s leaderboard include Advanced Micro Devices, GE Vernova, Vistra, Nvidia, Arista Networks, Constellation Energy, Broadcom, NRG, Micron, and Super Micro Computer. All are up at least 1.5% as of 8 a.m. ET.

It’s a similar dynamic to what we saw throughout the AI ecosystem on the heels of Microsoft and Meta’s earnings reports at the end of July, and quite different from the reaction within the chip space after Broadcom’s quarterly release last week (even if that didn’t really make a ton of sense fundamentally).

The seemingly massive rising tide prophesied by Oracle really is lifting all boats.

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Matt Phillips3/13/26

Oil settles Friday at highest level since start of war

US oil prices moved higher in afternoon trading Friday, sapping strength from the stock market as they posted their highest close since the start of the Iran war.

After another day where the Strait of Hormuz was essentially closed to global tanker traffic, US futures for West Texas Intermediate settled up 3.1% at $98.71 a barrel for an 8.6% weekly gain, per Dow Jones data.

American officials have discussed using the US Navy to escort tankers through the narrow waterway between Iran and Oman, but have said plans for such convoys are not ready yet. However, it is unclear if military convoys would bring an end to the war-related dislocations in the oil market.

“It could help,” Tom Liles, senior vice president of upstream research at energy consulting firm Rystad, told Sherwood News in a recent interview. “It could also go in a lot of different directions if a Navy ship is hit or if a tanker is hit.”

Oil Posts Weekly Gains As Middle East Conflict Drags On

Oil Posts Weekly Gains As Middle East Conflict Drags On

American officials have discussed using the US Navy to escort tankers through the narrow waterway between Iran and Oman, but have said plans for such convoys are not ready yet. However, it is unclear if military convoys would bring an end to the war-related dislocations in the oil market.

“It could help,” Tom Liles, senior vice president of upstream research at energy consulting firm Rystad, told Sherwood News in a recent interview. “It could also go in a lot of different directions if a Navy ship is hit or if a tanker is hit.”

Tasha Matsumoto

Stocks post third straight week of losses as Brent crude surges above $100

Stocks wiped out early gains to close lower amid the ongoing war in Iran.

Roaring bear

markets

Matt Phillips3/13/26

Memory stocks rebound off last weeks losses

Memory stocks Micron, Sandisk, Western Digital, and Seagate Technology Holdings rose again Friday, putting these crucial providers of chips for AI inference work on track for big weekly gains after last week’s steep losses following the outbreak of war with Iran.

There’s no obvious trigger for the move higher for these shares this week, other than a bit of a recovery in the AI trade more broadly — AI beneficiaries like IT cable and connections maker Amphenol and custom chip and networking company Marvell Technology clawed back some gains this week — perhaps due Oracle’s earnings earlier, and some mean reversion to boot.

Micron is due to report earnings after the close of trading on Wednesday, with the company catching a couple price target hikes this week, including one from Wedbush on Friday.

Sandisk is something of a different story, as its enormous gains over the last 12 months — roughly 1,200% — have made it a momentum play beloved by the retail crowd.

It was up about 20% this week at around 11 a.m. ET. And its nearly 170% gain this year keeps the stock on top of the S&P 500, in terms of price performance.

The S&P 500’s internals are awful... while it’s still less than 5% from its record closing high

The breadth of negative momentum within the index’s constituents is even worse than at the tariff-induced market bottom in April 2025.

Illustration - Endometriosis

These two charts show how the Iran war is causing markets to price in a longer oil supply crunch

The rise of third-month Brent futures relative to front-month this week is unprecedented since at least 1989.

Recycling In The UK

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