Good afternoon and welcome to Markets Desk. Let's get you caught up on what's moving.
Nvidia's bears are finding themselves in an increasingly uncomfortable position. With revenue more than doubling in its most recent quarter and a forward earnings multiple sitting in the teens, the skeptics are running short on ammunition. For a company this deep in the AI buildout cycle, that valuation looks more like opportunity than warning sign.
Shifting to Oracle, the stock caught a meaningful bid today after three Wall Street analysts threw their weight behind it ahead of first quarter earnings. Pre-earnings endorsements from multiple desks simultaneously tend to signal conviction rather than routine coverage, and the market responded accordingly, pushing shares higher into the print.
And on the software side more broadly, a new ranking of cash generation across the sector puts Adobe at the top of the list, which is a meaningful distinction when investors are scrutinizing AI beneficiaries for actual financial durability. Microsoft and Oracle, despite their scale and headline dominance in the AI conversation, landed toward the bottom of that same cash generation ranking, a nuance worth watching as the sector reprices.
That's the tape. Markets Desk, signing off the floor.
