For a realm encompassing such vast holdings – the animated chronicles that capture the hearts of children, the meticulously crafted worlds of its theme parks, and the ever-present spectacle of athletic competition – this valuation seems a paradox. One might ask, is this a moment to seize a bargain, or to observe from a distance the unfolding of a more complex drama? The truth, as it so often does, lies not in the numbers alone, but in the currents that drive them.
Now, Oracle (ORCL +9.32%) – that’s a curious beast. They’ve been boasting about their earnings, claiming everything’s tickety-boo, and that fears of their software being replaced by these newfangled ‘AI’ contraptions are vastly exaggerated. They’ve even promised more goodies by 2027. Sounds like a lot of hot air to me, but the market seemed to swallow it whole, sending the stock up 9% to $163.12. A bit like a magician distracting you while picking your pocket, wouldn’t you say?
CoreWeave ended up 9.4% higher, and Oracle jumped 9.2%. It’s the kind of percentage that makes you briefly consider a career change. Maybe alpaca farming. Less volatile. Although, I suppose alpaca feed prices are subject to market forces, too. Everything is, isn’t it?
The whole thing reeks of the late 90s, only this time the dot-coms have been replaced by GPU farms. Everyone’s scrambling for a piece of the pie, convinced this time it’s different. It’s NEVER different. It’s always just a new way to separate fools from their money. But hey, who am I to argue with momentum? I’m just a guy watching the whole thing burn, taking notes, and occasionally placing a cynical bet or two. And right now, the signal is… well, it’s deafening. Even if the global economy decides to stage a dramatic collapse – Iran, inflation, the usual suspects – this AI delusion will likely stagger on. They’ve got too much invested in the story.
Let’s be blunt: filling up your gas tank is about to become a more… intimate experience. More intimate with your wallet, that is. Oil goes in, money goes out. Groundbreaking analysis, I know. But seriously, gas prices are the canary in the coal mine of inflation. They change daily, sometimes hourly. It’s enough to give a macro strategist a nervous twitch. Historically, we’ve seen inflation averages around 3.8%. Pleasant. But we’ve also seen it rocket to 20% in 1920. A time when flappers and high inflation went hand-in-hand. The market doesn’t love high inflation. When it goes above 5%, S&P 500 returns tend to average around 2.4%. It’s like trying to waltz with a lead balloon.
There is, first, the matter of Rivian. A venture predicated on the promise of electric conveyance, it exists now in a state of near-completion, perpetually on the verge of either ascension or dissolution. The company, should it survive, is poised to introduce the R2, a vehicle that, should it prove commercially viable, may or may not justify the considerable expenditure already incurred. One observes, with a detached curiosity, the allocation of resources, the relentless pursuit of a future that remains stubbornly elusive. It is a gamble, certainly, but one framed not by ambition, but by a sort of desperate necessity.
Before the day had fully succumbed to its inevitable disappointments, Sprinklr unveiled its fourth quarter and full fiscal 2026 numbers. Revenue, a shade under $221 million, rose a respectable nine percent year-over-year. Subscription revenue, the lifeblood of these digital endeavors, climbed six percent to over $193 million. Net income, adjusted for the usual accounting sleights of hand – a necessary fiction, wouldn’t you agree? – leaped sixteen percent to nearly $32 million, or $0.13 per share. A tidy sum. One begins to suspect someone, somewhere, is actually managing things.
One might say the company has been hibernating, a seed beneath the frozen ground of the market. Its initial public offering in 2021, a tentative reaching for the sun, was followed by a slow, disheartening decline – a 15% fall. But today, a thaw. The launch of new SiC MOSFET and AI-focused power platforms – these are not merely products, but promises. Promises of efficiency, of reduced heat, of a more sustainable flow of energy. The question, as always, is whether the market will nurture this fragile growth.
The S&P 500, with its usual indifference, slipped a tenth of a percent to 6,775. The Nasdaq, attempting a semblance of optimism, edged up marginally to 22,716. Microsoft and IBM, those other giants of a bygone era, lagged behind Oracle’s brief ascent, a subtle reminder that even in this digital landscape, gravity still applies. They declined, predictably, by fractions that barely register on the grand scale of things. One imagines the executives, sipping lukewarm coffee, contemplating the mysteries of quarterly reports.
The thing is, everything costs more to move around. Planes, trucks, ships… they all guzzle fuel. And when fuel gets expensive, someone, inevitably, pays the price. Usually, it’s us. Retailers pass it on, and we grumble and… well, we still buy stuff. Because that’s what we do. It’s a whole thing.