Cathie Wood's Ark Invest Buys $24.7 Million CoreWeave, Sells $39.8 Million Bitcoin ETF

Oracle reported more than $30 billion of fresh AI-cloud contracts in its fiscal first quarter, pushing its remaining performance obligations to $664 billion. Cloud infrastructure revenue surged 121% to $7.4 billion, and the company added 850 megawatts of data-center capacity along with more than 300,000 GPUs. The backlog now stands at more than 34 times quarterly revenue of $19.35 billion, yet quarterly free cash flow remained roughly $5 billion negative as Oracle funded the infrastructure buildout behind those contracts. Shares gained approximately 1.3% to $149.47, leaving the stock 22.15% below its GF Value estimate of $191.99.

Nscale Limited filed for an initial public offering on the New York Stock Exchange, disclosing that Microsoft and Anthropic together account for 85% of its $103 billion in total contract value. The British AI infrastructure company has signed multiple agreements with Microsoft since late 2025 worth about $43.8 billion through 2033, and in August signed a separate $44.6 billion agreement with Anthropic to supply computing power at a planned eight-gigawatt facility in West Virginia, for which Nscale has not yet secured financing. The Anthropic contract carries conditions: Nscale must reach defined milestones and sustain reliable computing performance, and failure to do so gives Anthropic grounds to walk away, with Nscale targeting 2028 to activate the facility's initial two gigawatts. Nscale acknowledged concentration risk in its S-1 filing, noting that only $2.6 billion of the $103 billion in total contract value was active as of the end of August. For the first six months of 2026, Nscale posted a $1.02 billion net loss against $140.6 million in revenue, a 1,252% jump from $10.4 million a year earlier, and reported $56.4 billion in remaining performance obligations. Nvidia has participated in funding rounds, provided chips, guaranteed approximately $860 million in lease obligations, and took part in a $3.1 billion financing package announced last week, receiving $1 billion in convertible notes or non-voting shares, though Nscale cautioned this does not eliminate supply chain risks. Goldman Sachs, J.P. Morgan and Morgan Stanley are lead underwriters, and Nscale has applied to list under the ticker symbol NSCL.