Oracle’s $7 billion Tencent AI deal was derailed by Trump. The FT revealed that the cloud services partnership was scrapped under pressure from the U.S. government. No matter how hot the AI business gets, it still has to clear Washington’s approval desk.
That same night, Marvell announced its $115 billion acquisition of Lumentum—the largest deal in the history of optical modules. Yet the stock fell instead of rising. Investors are focused on valuation and share dilution. The AI M&A frenzy is underway, but the market is starting to demand proof.
Back home, the central bank cut the interest rate on relending for stock buybacks and share purchases by 25 bps to 1%, putting real money behind the A-share market.
In crypto, BTC bounced back and knocked on the door at 78000, but Bitcoin ETFs have yet to stem two days of net outflows totaling $1.04 billion. Institutional withdrawals and dip-buyers are battling it out. After the Democrats took the Senate, the next hurdles are Friday’s nonfarm payrolls report and the December rate hike.
My take: the biggest risk to the AI narrative right now isn’t demand—it’s politics. An order can be wiped out with a single government directive; even the prettiest chart is just a castle in the air. Staying lightly positioned and watching from the sidelines until the payrolls numbers are out.
NFA DYOR
$BTC $ETH $ORCL
#AI #甲骨文 #比特币 #美联储 #USStocks
That same night, Marvell announced its $115 billion acquisition of Lumentum—the largest deal in the history of optical modules. Yet the stock fell instead of rising. Investors are focused on valuation and share dilution. The AI M&A frenzy is underway, but the market is starting to demand proof.
Back home, the central bank cut the interest rate on relending for stock buybacks and share purchases by 25 bps to 1%, putting real money behind the A-share market.
In crypto, BTC bounced back and knocked on the door at 78000, but Bitcoin ETFs have yet to stem two days of net outflows totaling $1.04 billion. Institutional withdrawals and dip-buyers are battling it out. After the Democrats took the Senate, the next hurdles are Friday’s nonfarm payrolls report and the December rate hike.
My take: the biggest risk to the AI narrative right now isn’t demand—it’s politics. An order can be wiped out with a single government directive; even the prettiest chart is just a castle in the air. Staying lightly positioned and watching from the sidelines until the payrolls numbers are out.
NFA DYOR
$BTC $ETH $ORCL
#AI #甲骨文 #比特币 #美联储 #USStocks