GraniteShares 2x Long MSFT Daily ETF

The Productivity Paradox J-Curve.

1. Invest Heavily

2. Trough

3. Harvest

Steam Engine

Electricity

Cars

Computers

Autonomous Cars

Ai

Agentic Ai

Robotics

The challenge near term is the debt financing until you get to Full Harvest Mode.

We're close but more like 2028 max earnings gains after heavy investments continue into 2027.

This Debt Offering with Yield + Credit Spread is more attractive than US Treasuries and will keep a floor on the Treasury rates elevated to stay competitive with Mag offering.

No doubt yields will fall this week if the FED Raises Rates. But the floor is in to stay competitive with the Mags Debt offerings.

Stocks can absorb all of this, it just might take a few weeks IMO.

Several Magnificent Seven companies issued massive USD-denominated bond offerings to fund AI infrastructure and capital expenditures:

* Meta Platforms: Issued a $25 billion multi-tranche bond deal featuring 30-year (2056) tranche bonds priced at a 6.30% coupon.

* Amazon: Returned for multiple offerings, including a $25 billion mega-issuance with yield rates ranging from ~5.2% to 5.8% depending on the maturity (5-year to 30-year paper).

* Alphabet (Google): Alongside its sterling century bond, Alphabet issued a bulk USD mega-deal with coupons set between 4.85% and 5.55% across 5- to 30-year maturities.

* Apple: Tapped the USD market with smaller multi-tranche deals carrying coupons generally in the 4.50% to 5.15% range.

Alphabet's last British pound bond offering in February 2026 was issued across multiple tranches, highlighted by an ultra-rare 100-year bond maturing in February 2126 with a 6.125% coupon.

The full sterling offering included five tranches:

* 3-year: 4.125% due 2029

* 6-year: 4.625% due 2032

* 15-year: 5.500% due 2041

* 32-year: 5.875% due 2058

* 100-year: 6.125% due 2126

$400B set for 2027 in Debt Offering

@zerohedge @Banana3Stocks @GroupFinom @BeardoTrader

$SPY $QQQ

Amazon and Taiwan’s Wiwynn will invest US$1.6 billion to expand Wiwynn’s AI server plant in Texas to strengthen its supply chain and boost AI server output, media report. The US will account for 20% of Wiwynn’s global output next year, compared to current capacity: 70% in Mexico, 20% in Malaysia and 10% in Europe.

Wiwynn plans to spend US$942 million (NT$29.8B) in the 2nd half of 2026 on capex, up from NT$12.1 billion in the 1st half of the year, CFO Harry Chen said. Capex will be even higher next year, with new facilities planned for Taiwan and Malaysia. $Amazon(AMZN.US) $Alphabet(GOOGL.US) $Meta Platforms(META.US) $Microsoft(MSFT.US) #server

Source: Dan Nystedt

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Nvidia $NVIDIA(NVDA.US) and Palantir $Palantir Tech(PLTR.US) expanded their AI partnership, building a new stack that combines Palantir’s sovereign AI platform with Nvidia’s custom Nemotron open models. The technology is being deployed first across Nvidia’s own supply chain, using AI to capture operational intelligence and accelerate the process from “wafer to first token.” Other companies will be able to deploy the same architecture across their own supply chains, either in the cloud or on-prem. The partnership, first announced in October 2025, has continued compounding into new verticals, use cases, and sovereign AI deployments built around one core idea: enterprises and governments want to own, control, and make sense of their own data. Palantir also hosted its 11th AIPCon today, where partners showcased how they are using Ontology, Foundry, AIP, and Sovereign AI to solve complex operational problems.

2. U.S. PPI came in slightly hotter than expected, rising 5.4% YoY versus 5.3% expected, while monthly PPI rose 0.4%, in line with estimates. Core PPI was 4.6% YoY, matching expectations, while core monthly PPI rose 0.2%, below the 0.3% estimate. Initial jobless claims came in at 206K versus 205K expected, showing labor-market claims remain broadly steady even as producer inflation stays elevated.

3. Microsoft $Microsoft(MSFT.US) plans to triple its global data center capacity, expanding from roughly 12 GW today to more than 38 GW by 2032, according to Bloomberg. That would add about 26 GW of capacity, with AI-specific compute expected to grow from around 2 GW today to roughly one-third of total capacity by 2032, or about 13 GW. The target excludes compute rented from neoclouds like CoreWeave. The buildout comes after capacity shortages forced Microsoft to restrict some cloud subscriptions and turn away AI and cloud demand. Microsoft spent $145B in capex last fiscal year and has $329B in future data center lease commitments.

4. Oracle $Oracle(ORCL.US) delivered more than 300,000 GPUs to AI cloud customers since the end of Q4, nearly tripling the capacity delivered in Q4 FY26. The company’s RPO surged by $209B YoY to $664B after booking more than $30B of additional AI cloud contracts in Q1. Q1 revenue came in at $19.3B versus $19.14B expected, up 30% YoY, while adjusted EPS was $1.92 versus $1.74 expected, also up 30% YoY. Cloud revenue reached $11.6B, up 62% YoY, led by cloud infrastructure revenue of $7.4B, up 121% YoY. Oracle also guided FY revenue to at least $90B and adjusted EPS to $8.10, while disclosing $28.5B of capex, -$5.4B of free cash flow, and a $20B ATM equity program.

5. The top 10 most active options today by contracts traded were $Apple(AAPL.US) with 2.8M contracts, $NVIDIA(NVDA.US) with 2.3M contracts, $Tesla(TSLA.US) with 1.6M contracts, $SpaceX(SPCX.US) with 1.2M contracts, $Micron Tech(MU.US) with 769K contracts, $Meta Platforms(META.US) with 750K contracts, $Oracle(ORCL.US) with 733K contracts, $Intel(INTC.US) with 628K contracts, $Alphabet(GOOGL.US) with 475K contracts, and $Amazon(AMZN.US) with 409K contracts.

6. Adobe $Adobe(ADBE.US) reported Q3’26 revenue of $6.8B versus $6.69B expected, up 13% YoY, with adjusted EPS of $6.13 versus $6.09 expected, up 15% YoY. ARR reached $27.5B, while RPO came in at $22.2B and AI-first ARR growth was 150%+. Adobe also raised its FY26 guide, now expecting revenue of $26.58B-$26.63B and EPS of $24.45-$24.50, both ahead of estimates. Segment strength remained broad, with Customer Groups revenue at $6.6B, up 14% YoY, and Creative & Marketing Professionals revenue at $4.7B, up 13% YoY. The company also crossed 1B+ monthly active users, calling it a defining moment for Adobe.

7. Uber $Uber Tech(UBER.US) CEO Dara Khosrowshahi bought 141K shares for about $10M at an average price of $70.96. The purchase marks Dara’s first open-market buy of Uber stock since May 2022, when he bought 200K shares at roughly $26.73. A $10M insider buy from the CEO is a notable confidence signal as investors continue watching Uber’s growth, margin expansion, buybacks, and long-term autonomous vehicle strategy.

8. Nvidia $NVIDIA(NVDA.US) CEO Jensen Huang says cybersecurity is likely AI’s next major market, as AI-generated code accelerates both software development and the vulnerabilities that come with it. Huang said rapidly evolving threats should drive more demand for AI-powered security and automated defenses, creating another major growth vertical for the technology. He also pushed back on the idea that Nvidia’s AI financing is “circular,” saying, “We put a little bit of money in and a lot of money comes back. We put in 1 and 100 comes back in.” Huang added that the financing only happens because the off-take is already there: “That off-take is $100B. It’s lined-up contracts. It is real stuff.” He said Nvidia knows where the demand is coming from, understands the quality of that demand, and that its financing is only a “very small part” of these projects.

9. SpaceX $SpaceX(SPCX.US) CFO Bret Johnsen said the company signed another AI compute hosting deal that will generate $1.11B of revenue per month, or $13.3B annually, starting December 1, 2026. “Earlier this month, we closed another hosting deal. By the end of this year, with annualizing our December number, we're on track to hit $100B of ARR,” Johnsen said at Goldman Sachs’ Communacopia and Technology Conference. The update highlights how quickly SpaceX’s AI compute business is scaling into one of the largest infrastructure revenue stories in the market.

10. GameStop $GameStop(GME.US) CEO and Chairman Ryan Cohen bought 1M shares at an average price of $20.38, a purchase worth roughly $20.4M. His Form 4 shows 39.35M shares directly owned, while a new 13D reports 43.1M shares beneficially owned, equal to an 8.5% stake. The buy adds another insider-confidence signal at a time when investors are watching how Cohen plans to deploy GameStop’s balance sheet and reshape the company’s long-term strategy.

11. Robinhood $Robinhood(HOOD.US) ended August with 28.6M funded customers, up 7% YoY, while total platform assets reached $383.7B, up 8% MoM and 26% YoY. Net deposits were $4.0B. Trading activity stayed strong, with equities at $335.4B up 68% YoY, options at 292.5M contracts up 50% YoY, crypto at $17.5B up 61% MoM but down 38% YoY, and event contracts at 4.7B, down 23% MoM but up 15x YoY. Interest-earning assets also continued scaling, with margin balances at $21.5B up 72% YoY, cash and deposits at $19.6B up 37% YoY, and cash sweep at $31.2B up 7% MoM. Robinhood also expanded the platform with agentic options and crypto trading, Robinhood Earn, Smart Income, UK crypto trading, 190+ stock tokens on Robinhood Chain, and additional Cortex and IPO Access features for RIAs.

12. Saudi oil output fell to its lowest level since 1990, as Saudi Arabia told OPEC its production declined again. At the same time, OPEC cut its 2026 global oil-demand growth forecast to 380K bpd from 580K bpd, while raising its 2027 demand-growth outlook to 2.36M bpd from 2.16M bpd, signaling a potential rebound next year. OPEC+ crude production averaged 38.05M bpd in August, up roughly 300K bpd from July. The backdrop is getting more complicated for markets, with oil pushing past $100/barrel and the 10-year Treasury yield near 4.9%.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit