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Oracle, with a current market capitalization significantly below that of Nvidia, has largely remained outside the immediate purview of the AI-driven market rally. This is not to suggest a lack of engagement with the same underlying trends. Rather, Oracle’s approach is characterized by a substantial, and presently unfashionable, commitment to the underlying infrastructure required to support these advancements. This entails significant capital expenditure, and a corresponding impact on near-term profitability metrics.

Inflation. The silent thief of purchasing power. It’s been eroding the value of money for centuries, and it shows no sign of stopping. Bitcoin, at least in theory, offers a potential escape hatch. Unlike traditional currencies, which governments can print at will, there will only ever be 21 million Bitcoins. Scarcity, you see, is a powerful thing. Close to 20 million are already in circulation, which is a bit like knowing there are only a finite number of first editions of a particularly desirable book. It doesn’t guarantee the price will go up, but it does create a certain… tension.

The figures are, admittedly, arresting. A quintupling of value in a mere thirteen months – a testament, not necessarily to inherent worth, but to the speculative fervor that now grips the markets. A 41% ascent this year alone, as of the third day of February. Such velocity… it recalls the frantic scramble for land during the gold rushes, a temporary madness before the inevitable reckoning. One asks oneself, what is being mined here, and at what cost?

These aren’t just ETFs; they’re reflections of the American economic psyche. SPY, the establishment’s darling, spreading its wealth across 502 companies. QQQ? A laser-focused obsession with the NASDAQ-100, a congregation of tech titans. The numbers, as they always do, tell a twisted tale. SPY’s expense ratio? A paltry 0.09%. QQQ? A greedy 0.20%. But let’s be honest, we’re not counting pennies here. We’re chasing momentum. And momentum, my friends, costs money.

Goldman’s exit is framed as ‘streamlining,’ which is corporate speak for “we messed this up.” They thought they could waltz into consumer banking? Bless their hearts. It’s like me deciding I’m going to become a brain surgeon. I can read a book, sure, but I’d probably end up causing more damage than good. The handover will take two years, which is approximately 18 months longer than it takes me to make a bad decision.

While AWS reported 20% growth, reaching an annualized run rate of $142 billion, this pales in comparison to Google Cloud’s 36% and Azure’s 39% growth during their respective reporting periods. This divergence, however, must be contextualized. AWS operates from a significantly larger revenue base, rendering percentage gains less indicative of absolute market dominance. Furthermore, the scale of AWS allows for greater revenue accretion from incremental growth.