Skip to report
Next edition in 265 min Oct 27, 2026, 16:00-23:00 Lisbon
Premarket Alpha Midday Alpha Post-Market Alpha
Daily Alpha Post-Market Alpha by Buzzberg Research

What changed since midday

Oracle is adding Google TPUs, Cerebras and SambaNova chips beside Nvidia's Vera Rubin; Gavin Baker says compute is getting tighter; Seagate says most nearline supply is contracted through 2028; and the Energy Department offered Constellation up to $5 billion for reactor uprates.

Main narratives

day change
01

Oracle will offer Google TPUs, Cerebras and SambaNova chips on its cloud alongside Nvidia's Vera Rubin

Oracle announced that Google TPUs will be available on Oracle Cloud Infrastructure in calendar 2027, ramping over several years, the first time they will be offered on a hyperscale cloud outside Google. Oracle is also adding inference chips from Cerebras and SambaNova, while Nvidia and Oracle plan to expand Vera Rubin NVL72 clusters on OCI to multi-gigawatt scale. At Oracle's AI World conference, Oracle said it will integrate OpenAI's tools into its application stack.

ORCL -0.5% · NVDA -0.5% · CBRS -2.5%
02

Gavin Baker says compute is getting tighter, with spot rents rising and 2027 capacity priced at a premium

On TBPN, Gavin Baker of Atreides Management said spot compute rental rates are rising and forward contracts for 2027 capacity are pricing at large premiums, even as large supply additions are announced. Blackstone's Jon Gray said neoclouds that get through will find compute pricing up 50%, per @firesidealpha. The episode's counterpoint: slower training needs could release capacity into inference and pressure pricing.

CRWV -5.8% · NBIS -5.8%
03

Seagate guided Q2 revenue to $4.8 billion and says most nearline supply is contracted through 2028

Seagate's fiscal Q1 revenue rose 61% to $4.23 billion, and it guided Q2 revenue to $4.8 billion against roughly $4.53 billion consensus, per @thebigberbowski. Seagate said the vast majority of its nearline exabyte supply is allocated under long-term agreements through calendar 2028, with some cloud agreements running to 2030. In memory, SK hynix shares fell about 48% since July 1 while the spot price of the 16Gb DDR5 chip @tengyanAI tracks in Tessara rose 31%.

STX — · SKHY -1.3%
04

The Energy Department offered Constellation up to $5 billion to add about 1.1 GW through reactor uprates

The Energy Department made a conditional loan commitment of up to $5 billion for Constellation to uprate existing reactors, which would add roughly 1.1 GW across 15 reactors at eight sites, Energy Secretary Christopher Wright told CNBC. Hubbell's data-center sales grew more than 80% organically and its utility backlog rose more than $500 million year to date, per TheValueist. CenterPoint added $4 billion to its capital plan, though about 2 GW of studied load withdrew.

CEG +0.4% · HUBB -1.2% · CNP +0.0%

Themes of the session

?
Z-score shows how far this edition's mention count is above or below the theme's own average across 20 comparable earlier editions. +2.7σ means mentions are 2.7 standard deviations above that average — simply, the theme is being mentioned much more often than usual. It measures attention, not bullishness or expected return. Themes need at least 8 posts; gold begins at +2σ, and σ is hidden when history is too thin.
Brokers +8.6σ
HOOD -1.7% · IBKR -0.1%
22 posts 15 voices base 2.9
Payments & Fintech +3.1σ
V +1.6% · SOFI -1.7% · TOST +1.0%
13 posts 9 voices base 5.2
Aerospace +2.4σ
BA +0.8%
9 posts 6 voices base 2.7
Construction & Infrastructure +2.1σ
WM +0.0% · PWR +3.8% · PPIH +0.0%
+4 more UNF — · ESLOY — · AGYS — · WCC +5.1%
10 posts 7 voices base 3.8
AI Hardware +1.3σ
STX — · AAPL +1.3% · CLS -3.4%
+6 more DELL — · SMCI — · HPQ — · HPE — · MSI — · QMCO —
33 posts 20 voices base 20.4
AI Photonics +0.8σ
CRDO -4.4% · LITE +6.0% · AAOI -2.6%
+12 more LWLG — · GLW — · ANET — · MXL — · COHR — · ADTN — · OUST — · SIVE — · KEYS — · APH — · ALMU — · CSCO —
25 posts 15 voices base 19.9
Foundry Equipment +0.7σ
INTC -3.2% · GFS -2.2% · ASMIY +0.0%
+10 more TER — · TSEM — · TSM — · NXPI — · AMAT — · BESI — · AEHR — · AMKR — · 3443.TW — · ASM —
26 posts 19 voices base 19.1
Hyperscalers +0.6σ
ORCL -0.5% · GOOGL -10.2% · META +0.9%
+3 more MSFT +2.9% · AMZN -1.0% · GOOG -10.2%
76 posts 40 voices base 53.5
Thematic ETFs +0.5σ
SMH -1.5% · CIBR -4.8% · XLF +1.2%
+21 more XLP — · XHB — · DRIV — · XLV — · XLRE — · SOXX — · ARKG — · DRAM — · DBMF — · REMX — · IGV — · XLY — · XLI — · ITA — · KWEB — · VGT — · BWET +0.0% · CARZ — · XLK — · SOXS +6.2% · MAGS —
34 posts 23 voices base 29.4
Clean Energy +0.5σ
NUAI -5.1% · BE -4.3% · FPS -3.1%
+2 more FSLR — · ENPH —
10 posts 8 voices base 6.9
Banks +0.2σ
BAC +1.3% · JPM +1.3% · UBS +1.5%
+6 more DB — · C — · BK — · STT — · BNS — · USB —
8 posts 3 voices base 7.0
Equity Indexes -0.0σ
QQQ -0.9% · SPY — · IWM +0.5%
+16 more RSP — · EWZ — · VT — · ES=F — · EWY — · VOO — · CRBN — · VXUS — · SPX — · NASDAQ — · NQ — · COMP — · MTUM — · VGK — · EEM — · DIA —
43 posts 24 voices base 43.8
Autos & EV -0.0σ
TSLA -0.1% · GM +0.3% · 1211.HK -2.6%
+3 more PII — · TM — · 005380.KS —
15 posts 8 voices base 15.6
NeoCloud -0.1σ
NBIS -5.8% · CRWV -5.8% · IREN -4.0%
+1 more APLD —
35 posts 23 voices base 37.8
Positioning Market Radar →

Buying / adding

3 positions · 3 voices

Selective / waiting

2 positions · 2 voices

Fading / not buying

2 positions · 2 voices
YouTube
43 videos · 18h 39m Gavin Baker said on TBPN that compute is getting tighter, the Energy Department offered Constellation up to $5 billion for reactor uprates, and Bank of America's Bhave argued the Fed should consider a hike. Open the desk →
X
1279 posts Seagate said most of its nearline supply is contracted through 2028, Hubbell's data-center sales grew more than 80%, SK hynix shares fell about 48% since July while a tracked DDR5 chip's spot price rose 31%, and Google TPUs are coming to Oracle Cloud in 2027. Open the desk →
Reddit
383 threads Reddit debated Anthropic's roughly $265.6 billion of minimum compute commitments, GameStop holders split over expiring warrants, and one poster expects Fed Chair Warsh's press conference to bring another selloff. Open the desk →
Substack
2 letters Capital Flows argued the midterms could bring an AI regulatory crisis, and Cassandra Unchained posted short thoughts on Anthropic's S-1. Open the desk →