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Tuesday next week is quite nerve-racking If CPI comes in hotter than expected, the U.S. stock market might blow up

Next weeks earnings! Which one are you watching?

$ORCL’s biggest risk isn’t paying interest today. It’s financing the AI buildout until the cash arrives. At August 31, Oracle reported: • $125.3B in borrowings • $37.1B in cash and securities • 1.17× current ratio • 4.71× quarterly operating-profit-to-interest coverage Those numbers do not scream immediate insolvency. But look beneath the headline equity: $67.2B equity − $62.3B goodwill − $3.0B acquired intangibles = approximately $1.9B tangible equity. Goodwill alone equals 92.7% of reported equity. That is a thin tangible cushion, although it does not make Oracle’s acquired businesses worthless. The bigger concern is cash generation. Quarterly operating cash flow: $23.1B. Capital expenditure: $28.5B. Free cash flow: NEGATIVE $5.4B. And $11.4B, approximately 49% of operating cash flow, came from customer prepayments with a significant financing component. That is real cash, but it funds services Oracle still needs to deliver. Oracle also carries an $11.6B deferred-tax asset. Potential future tax savings are valuable, but they cannot pay bondholders today. November’s $20B stock-and-bond raise improves liquidity. However, the $10B bond component adds approximately $777M in annual coupon payments. Management targets positive free cash flow in the second half of FY2028. The real question: will infrastructure generate cash fast enough, or will shareholders face more dilution and creditors demand increasingly expensive financing?

$ORCL can't catch a break -2.61% due to EVEN MORE rising debt concerns

So far, $SPY is +0.75% intraday Will it continue or will fear lead the way into the weekend?

$OKLO beat earnings. But it still hasn’t sold commercial reactor electricity. Q3 results: • Revenue: $1.86M vs $1.01M expected • EPS: −$0.22 vs −$0.27 expected • Operating loss: $71M, up 95.6% YoY • Net loss: $41.7M, up 40.5% YoY That revenue came primarily from engineering and manufacturing businesses, not operating nuclear power plants. The balance sheet is the strongest part: $3.13B in cash and marketable securities. But funding matters too. Oklo raised $2.25B through stock sales during the first nine months, issuing approximately 32.6M shares. Operating cash outflow plus cash capex totaled $391.8M over that period. First powerhouse deployment is now targeted for 2028–2029. The investment case isn’t whether $OKLO beat a tiny revenue estimate. It’s whether today’s capital can become tomorrow’s electricity revenue before spending, delays and dilution erode shareholder returns.

Nice bounce back so far, especially for tech VIX still at 25 Fear and Greed index still in extreme fear of 24

Goodnight Kospi

$LITE earnings DOUBLE BEAT + RAISED GUIDANCE Revenue $1.26B vs $1.25B consensus Non-GAAP EPS $4.57 vs $4.22 consensus Non-GAAP operating margin 42.3% GAAP Gross margin 51% Q2 FY27 Guidance Revenue $1.575B-$1.625B Non-GAAP EPS $5.90-$6.20 Operating Margin 45-46%

$IREN earnings report Revenue $228M vs $221.71M AI cloud revenue +182% Revenue backlog +22%