Oracle didn't just beat earnings last night... they revealed a number that should have every trader's head on a swivel.
$553 billion in remaining performance obligations (signed, contracted, paid-for demand), up 325% year-over-year.
That's not guidance, that's not a forecast... that's a receipt. And somebody has to build all of it.
There's one stock on our that can have a massive move in the coming weeks, as well as a few other names that can pop with ORCL's earnings.
MARKET PULSE
MAR 11, 12:06 PM ET
ASSET
PRICE
CHG
S&P 500
6,764
-0.34%
NAZZY
24,949
-0.13%
DOW
47,317
-0.90%
BTC
$70,333
+0.54%
GOLD
$5,178
-1.00%
WTI OIL
$87.02
+4.28%
10Y YIELD
4.21%
+1.89%
VIX
25.31
-0.75%
Broad market soft, oil ripping another 4%+ today with WTI touching nearly $89 intraday... but the real story is underneath the surface.
THE INSIDER EDGE
$700 BILLION HAS TO GO SOMEWHERE
Everyone's been arguing about whether AI is a bubble, but Oracle just answered the question with a receipt.
Q3 revenue hit $17.2 billion, up 22% year-over-year, cloud infrastructure (IaaS) surged 84%, and non-GAAP EPS came in at $1.79 versus the $1.69 Wall Street expected.
That's the first quarter in over 15 years where Oracle grew organic revenue AND earnings per share both above 20% simultaneously.
ORCL gapped up 10.5% today to ~$165. But here's what most of the pundits won't tell you.
THE NUMBER: The five biggest tech companies combined — Amazon, Google, Microsoft, Meta, and Oracle — are spending roughly $700 billion on AI infrastructure in 2026. That's approximately 2.1% of US GDP flowing into data centers, GPUs, power systems, and cooling equipment.
ORCL down ~26% past 3 months • VWAP (Volume-Weighted Average Price) $167.39
Think about this in waves.
Wave 1 was the chip makers... NVDA at $185 today, that trade is well-known.
Wave 2 is the cloud providers who rent out the compute, and that wave is crashing right now. CoreWeave (CRWV) ripped +8.8% to $81.53 today, Nebius (NBIS) surged +13.3% to $109.29, and Iris Energy (IREN) popped +8.6% to $41.40.
Wave 3 — the one nobody's talking about yet — is the physical layer. The companies that actually pour the concrete, run the power, cool the racks, and lay the networking cable.
Think of it like the California Gold Rush. Wave 1 was the gold itself. Wave 2 was the claims and mines. Wave 3 was Levi Strauss selling jeans to every miner regardless of whether they struck gold.
Oracle alone is spending $50 billion in capex this fiscal year. They just raised $30 billion through bonds and convertible preferred stock to fund it. Larry Ellison said one of their new AI facilities is sized to fit eight Boeing 747s nose-to-tail.
Every dollar of that spend flows downstream into power systems, liquid cooling, GPU servers, modular data center pods, and high-speed networking.
And if you're watching the right names... there are small companies positioned to catch a disproportionate piece of this tidal wave.
CPI CHECK: February CPI landed right on expectations this morning — headline +0.3% monthly, +2.4% annually, core at +2.5%. Rent rose just 0.1%, the smallest monthly increase since January 2021. Markets shrugged because this is old news... this data is pre-oil-shock. With WTI touching $89 today, the March print could look very different. The Fed meets March 17-18 and is expected to hold (99.2% odds on Polymarket).
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DGXX finally catching a bid after being down ~24% over the past 3 months
THE BLUEPRINT
DGXX — DIGI POWER X
SLEEPERHIGH RISK
What They Do: Digi Power X builds modular, AI-ready Tier 3 data centers and pairs them with owned energy assets... the picks and shovels of the AI infrastructure buildout.
The Vibe: This is the name nobody's covering. A $207 million market cap company that's going live with its first ARMS 200 modular AI data center unit this month, with GPU-as-a-Service (GPU compute rented on-demand) revenue expected to begin flowing in April. They've acquired NVIDIA B200 and next-gen B300 GPUs from Super Micro, hired Hans Vestberg (former Verizon CEO) as an advisor, and they're sitting on $80 million in liquidity with zero long-term debt.
The math that caught our attention: their target is 10 MW operational by Q3 2026 at roughly $15 million per MW in annualized revenue. If they execute, that's $150 million in potential annualized revenue on a $207 million market cap. That's the kind of re-rating (a major price adjustment when the market recognizes new fundamentals) that could move this name significantly.
The stock is trading at $2.85 today, VWAP sitting at $2.88 after touching $3.01 at the highs.
THE LEVELS
PLAY: Stock (options exist but thin liquidity)
Entry Zone
$2.60 – $3.00
Stop Loss
$2.10
Price Target 1
$4.00
Price Target 2
$5.50
RISK METER: 9/10 — Micro-cap in the middle of a business model pivot. If the ARMS 200 deployment stalls or customer contracts don't materialize, this could crater. Size accordingly.
Bull case: The ARMS 200 goes live on schedule, first customers sign on in April, and the 10 MW target creates a revenue trajectory that forces a re-rating from "crypto miner" to "AI infrastructure play."
Bear case: Execution delays, customer acquisition proves harder than projected, and the market treats this as another crypto-to-AI pivot story that never delivers real revenue. At $207 million market cap, it doesn't take much selling pressure to move this thing hard.
NAMES ON OUR RADAR
THE WATCHLIST
TICKER
PRICE
TODAY
WHY WE'RE WATCHING
CRWV BLUE CHIP
$81.53
+8.8%
NVIDIA-backed AI cloud with $55B+ backlog. New Perplexity partnership on GB200 systems.
CRDO BLUE CHIP
$116.38
+3.6%
Makes high-speed cables connecting GPU clusters. Bigger clusters = more Credo.
APLD GRINDER
$28.32
+3.3%
Builds speed-to-deploy AI cloud hosting data centers. $8.1B cap.
IREN BLUE CHIP
$41.40
+8.6%
Landed a 5-year $9.7B Microsoft GPU contract at 85% EBITDA margins.
All four of these names ripped today on the Oracle spillover. We're not chasing at these levels, but we're watching for pullback entries over the next week.
ON DECK
THIS WEEK
WED MAR 11 (TODAY)
CPI released (done — in-line). Oil inventories 10:30 AM ET.
THU MAR 12
Adobe (ADBE) earnings. Initial jobless claims 8:30 AM ET.
FRI MAR 13
UMich Consumer Sentiment. UK GDP data.
NEXT WEEK: MAR 17-18
FOMC rate decision (99% hold expected). This is the big one.
THE BOTTOM LINE
The AI trade isn't dying, it's evolving. The money is shifting from the companies that design the chips to the companies that build the rooms those chips live in.
$700 billion doesn't vanish. It flows. Our job is to figure out where it's going before the crowd does.
Stay locked in and try to be nimble.
— The Lead Editor, Main Street Betz
DISCLAIMER
We are a bunch of apes who figured out how to use a Bloomberg Terminal and a group chat at the same time. That combination is either genius or a liability, and we honestly aren't sure which one yet.
Nothing here is financial advice. Seriously. Do your own research. Talk to an actual licensed professional before you YOLO your savings into something you read in a newsletter written by an ape in a hoodie.
Past performance doesn't guarantee future results. The market doesn't care about your feelings, your conviction, or your 'diamond hands.' It will humble you. It humbles us too. That's the game.
We may hold positions in securities mentioned. Trading and investing is risky. Trade at your own risk. Eat Cookiez responsibly.
