Beats / 7 priced constituents
ai
An equal-weight index of the priced names on this beat, rebuilt every Friday from the constituents that were actually in it.
199.3-0.9%base 100 · to 2026-09-11
This week
Up most
- Meta Platforms+5.1%
- Alphabet+0.0%
- CoreWeave-0.4%
- Amazon (AWS)-0.7%
- Microsoft-0.8%
Down most
- Oracle-5.4%
- Palantir-4.1%
- Microsoft-0.8%
- Amazon (AWS)-0.7%
- CoreWeave-0.4%
What happened
| Date | Type | What happened | Source |
|---|---|---|---|
| 2026-09-11 | editorial note | Capex figure revised: $90 → $28,499MCapex moved from $90 (deep-dive-2026-07-25-refresh.md) to $28,499M (deep-dive-2026-09-11.md). | dossier |
| 2026-09-11 | editorial note | Revenue figure revised: $18,101M → $19.3BRevenue moved from $18,101M (deep-dive-2026-07-25-refresh.md) to $19.3B (deep-dive-2026-09-11.md). | dossier |
| 2026-09-11 | editorial note | Verdict changed: none (no verdict, no call this pass) → The Q1 FY27 print settles the two questions the July dossier could not — and both settle against the received narrative in opposite directions.…Before (deep-dive-2026-07-25-refresh.md): none (no verdict, no call this pass) After (deep-dive-2026-09-11.md): The Q1 FY27 print settles the two questions the July dossier could not — and both settle against the received narrative in opposite directions. The backlog is NOT lengthening (the near-term conversion share has ticked UP for three straight quarters; the lengthening was a single step-change in Q1 FY26 when the mega-contracts landed, not a trend), while the FUNDING has decisively changed character: $11.4B of the record $23.1B operating cash flow is customer credit Oracle itself books interest expense on, and capex at 1.48x revenue runs 3-5.5x every hyperscaler even after the finance-lease adjustment that usually closes such gaps. Oracle is not out-spending its peers as a share of revenue; it is spending a different KIND of money. | dossier |
| 2026-08-26 | guidance | Assistants API removed, twelve months after noticeOpenAI's deprecations page carries 26 August 2026 as the removal date for the Assistants API, announced 26 August 2025. The replacement path is the Responses API. | developers.openai.com |
Dated ahead
| Date | Company | Period | Firmness |
|---|---|---|---|
| 2026-10-29 | Alphabet GOOGL | 2026-Q3 | expected |
| 2026-10-29 | Meta Platforms META | 2026-Q3 | expected |
| 2026-10-29 | Microsoft MSFT | 2026-Q3 | expected |
| 2026-11-02 | Amazon (AWS) AMZN | 2026-Q3 | expected |
| 2026-11-03 | Palantir PLTR | 2026-Q3 | expected |
| 2026-11-11 | CoreWeave CRWV | 2026-Q3 | expected |