🚀 Oracle with worst quarter since dot-com bust

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Market Overview
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Year To Date Performances:

1. Under the leadership of newly appointed co-CEOs Clay Magouyrk and Mike Sicilia, Oracle’s stock has plummeted 30% this quarter, its worst performance since the 2001 dot-com bust. The drop is largely attributable to investors grappling with the staggering capital requirements of its $300 billion OpenAI contract. Despite a massive revenue backlog and a recent high-profile deal to take a stake in TikTok’s U.S. operations, the company’s pivot from high-margin software to capital-intensive AI infrastructure is expected to slash gross margins from 77% to 49% by 2030. With a revised $50 billion CapEx plan for 2026 and a reliance on "off-balance-sheet" financing through complex special purpose vehicles (SPVs), Oracle is walking a financial tightrope that has pushed credit default swaps to three-year highs, leaving Wall Street divided on whether Larry Ellison’s "AI Moonshot" is a visionary masterstroke or a massive debt trap.

2. Google is gradually rolling out a long-requested feature that allows users to change their primary gmail address without creating a new account or manually migrating data. First spotted on Hindi-language support pages in late December 2025, the new system automatically converts the old email address into an alias, ensuring that all incoming mail and existing sign-ins (for services like YouTube, Drive, and Maps) remain functional. While the feature preserves all photos, messages, and files, it comes with strict guardrails to prevent abuse, including a 12-month "cooldown" period between changes and a lifetime limit of three address swaps per account.

3. After a relentless Christmas week that saw 4 to 8 inches of rain fall across Southern California, residents are now grappling with the saturated aftermath of a historic storm system. In the mountain town of Wrightwood, residents are on standby for immediate evacuation as mud and debris flows have already begun washing away backyards and cutting off power. The storm has been linked to at least two fatalities, prompted Governor Gavin Newsom to declare emergencies in six counties, and turned holiday travel into a navigation of "white-out" mountain passes and flooded coastal highways. Though the rain is tapering off, the National Weather Service warns that the threat of flash flooding and high-energy surf will persist through Friday afternoon.

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