What if OpenAI is Like Enron and Nvidia is Like Cisco

Alphabet (GOOGL, Buy, $275 target) Amazon (AMZN, Buy, $270 target) Si...

The past several weeks have seen a flurry of news related to OpenAI’s compute needs, including its massive deal with ORCL, its new arrangement with NVDA, and several sets of leaked financials published by The Information, including a new forecast for backup capacity. This has put more focus on potential revenue from Anthropic and other AI customers at AWS and GCP.

Daily Views on Tech Headlines

Wedbush Morning Call - Sep 25 2025 6:56AM

Takeaways from Recent Call on European Antitrust Landscape on PANW Acq...

NVIDIA Corp: 1 director

A director at NVIDIA Corp sold 225,000 shares at 178.695USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

Moody's Ratings assigns a Baa2 rating to Oracle's proposed senior unse...

Moody's Ratings (Moody's) assigned Baa2 rating to Oracle Corporation's ("Oracle") proposed senior unsecured notes offering. Oracle's existing Baa2 senior unsecured and Prime-2 Commercial Paper ratings and negative outlook are unchanged. We expect the net proceeds to be used for general corporate pur...

Daily Views on Tech Headlines

We would again point out that 1) price increases of this magnitude are well ahead of MU's implied guide last night and 2) that there is a very strong possibility that limited ability to add capacity in the intermediate term creates a longer term positive cycle for memory (for the first time since 2

Wedbush Morning Call - Sep 24 2025 6:56AM

Belay On? Climbing into the First Prolonged Upcycle since 2018?

Oracle: What will life after giant RPOs look like?

Oracle entered a 4.5GW, $300bn, 5-year contract with OpenAI, starting 2027. In our note yesterday, we showed what we know of the deal suggests balanced and straightforward economics, over the life of the contract. Today we extend the analysis: GPUs aren’t scrapped after 5 years, and Oracle may in reality, after these contracts, boost profitability, monetizing fully depreciated assets, much like TSMC at the lagging edge.

Daily Views on Tech Headlines

Nvidia and OpenAI Deal Another Ryder Cup Moment for AI Revolution

Nvidia-OpenAI deal magic: cutting the ground from under the ASIC threa...

Just off the press, our immediate reaction to the giant deal Nvidia and OpenAI announced today, summarized on a single slide.

Oracle & OpenAI: All the economics of the $300bn deal, on a single sli...

Over the weekend we worked through the numbers to estimate the economics of Oracle’s $300bn contract with OpenAI. We have strong visibility on costs, supported by our long-standing work on AI datacenter economics, refined with players in every part of the supply chain, and on the ramp trajectory, informed by RPO maturity and OpenAI’s business plan. This allows us to estimate gross margins, FCF and IRR with a high degree of confidence.

The Trade Desk (TTD, Neutral, $50 target) 10x voting shares extended,...

Last week, TTD held a special meeting of shareholders to vote on the proposed 10-year extension of the Class B/10x vote shares. As expected, the vote passed, as CEO Green controls over 48% of the total votes, and controlled well over 50% of the represented votes accumulated before the meeting.

Daily Views on Tech Headlines

Wedbush Morning Call - Sep 22 2025 6:57AM

Taiwan Supply Chain - August Revenue Results