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Today is Thursday, June 11, 2026.
The Early Bird Index today is 84.57.
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Oracle's $40B AI Gamble 🧠
Oracle $ORCL ( ▼ 2.21% ) reported good financial results on Wednesday, but the company’s plan to borrow more money was poorly received, causing the stock to plunge 10.12% in after-hours trading.
Financials: Oracle reported earnings of $2.11 per share in the past quarter and revenue of $19.2 billion. Both were better than expected.
Details: The company’s Remaining Performance Obligations grew $85 billion to a record $638 billion.
Powering the Story: Oracle also announced on Wednesday that the company needs to raise $40 billion through a combination of debt and equity financing (including a previously announced $20 billion at-the-market equity issuance) to pay for its AI cloud ambitions.
Background: The company raised $43 billion in debt financing and $5 billion in equity financing in the previous year to fund AI plans. All the spending has weighed on the stock, which was only up 2% this year before these results.
Early Bird’s Nest Egg Gains: Oracle is raising a lot of capital for an AI buildout that may not generate cash fast enough, so investors are worried about dilution, heavier leverage, and weak free cash flow if the returns take longer than expected.
Final Thoughts: The day before Oracle’s results, Super Micro Computer $SMCI ( ▼ 27.98% ) also said it needs to raise funds to meet customer AI demands.
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Notables
Notable Earnings Today: Adobe (Nasdaq: ADBE), Lovesac (Nasdaq: LOVE), RH (NYSE: RH), Lennar (NYSE: LEN), Aurora Cannabis (Nasdaq: ACB), Hooker Furnishings (Nasdaq: HOFT), McGraw Hill (NYSE: MH), Vera Bradley (Nasdaq: VRA).
Notable IPOs Today: Forbright, Inc. Class A Common Stock (Nasdaq: FRBT), Veraxa Biotech AG Ordinary Shares (Nasdaq: VRXA), Avalanche Treasury Corporation Class A Common Stock (Nasdaq: AVAT), Breeze Acquisition Corp. II Ordinary Shares (Nasdaq: BREZ).
Notable Equity Crowdfunding Campaigns Ending Today: The Noise Floor (Honeycomb), Nanusens (Crowdcube)
Notable Economic Events Today: Producer Price Index / Core PPI (8:30 a.m. ET), Jobless Claims (8:30 a.m. ET), WASDE Report (12:00 p.m. ET).
Stitch Fix’s Active Clients
Online personal styling service Stitch Fix $SFIX ( ▼ 0.55% ) jumped 2.22% in after-hours trading on Wednesday after reporting good financial results.
Financials: Stitch Fix reported a loss of 1 cent per share in the past quarter and revenue of $340.3 million. Both were better than expected.
Quote: “In Q3, we delivered another strong quarter, reporting our fifth consecutive quarter of year-over-year revenue growth on an adjusted basis, with both revenue and adjusted EBITDA exceeding our expectations. We also hit a significant milestone with sequential growth in active clients.” - CEO Matt Baer.
Final Thoughts: Stitch Fix investors finally got some good news. The stock was down over 29% this year.
Hyperliquid Loses Some Previous Gains
The price of the cryptocurrency Hyperliquid $HYPE ( ▲ 1.94% ) fell about 3% on Wednesday and is now down 25% in the past week.
Final Thoughts: Hyperliquid is still up about 31% in the past 30 days, but it has lost some of its previous gains.
Trends to Watch
Game Over: Xbox Plans Significant Layoffs as New CEO Plans Overhaul (Bloomberg)
Privacy is Power: Privacy returns to focus as Ethereum developers explore new token standards (CoinDesk)
Valuation Concerns: Short seller Jim Chanos doubts SpaceX valuation, says IPO fueled by 'hopes and dreams' (Reuters)
Agents Shopping for You: Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users (Associated Press)
Where Bitcoin Could Land: CryptoQuant sees bitcoin bottom near $53,600 while demand remains 'deeply unfavorable' (The Block)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
