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MARKETS
💰 Analysis: Oracle’s AI and Cloud Surge Positions It to Be First $10 Trillion Company

(Credit: Shutterstock)
The Scoop: Oracle could one day become the first $10 trillion company, outpacing Nvidia with its explosive growth in AI and cloud computing, according to an analysis by Motley Fool.
The Details:
Oracle’s stock soared 76% in 2025, outstripping Nvidia’s 36%, lifting its market cap to $835 billion.
Its remaining performance obligations (RPO) surged 359% year-over-year to $455 billion, driven by multi-billion-dollar deals, including a $300 billion OpenAI contract, likely pushing RPO past $750 billion.
The AI-driven cloud market is forecast to reach $3.7 trillion by 2034, and Oracle’s RPO, nearing $1 trillion, fuels its long-term growth potential.
With projected revenue of $645 billion by 2033, Oracle could hit a $10 trillion valuation at a price-to-sales ratio of 16, surpassing Nvidia as its growth slows.
What’s Next: Oracle’s massive RPO and dominance in AI and multicloud services align it to capture a significant share of the $5.1 trillion cloud market by 2034. If Oracle sustains its aggressive expansion and market confidence, it could lead the race to a $10 trillion valuation, potentially redefining the tech landscape.
Market Roundup
🏦 Economy
⭐ Editor’s Pick: Bessent warned the government shutdown’s $15 billion daily cost threatens economic momentum. (RTS)
Bessent affirmed that the U.S. won’t change its negotiating stance on China due to stock market volatility. (CNBC)
Bessent attributed the recent U.S. job growth slowdown to the deportation or self-deportation of two million illegal immigrants since Trump's inauguration. (BN)
Trump administration eyes $20 billion private-sector financing to back Argentina's debt alongside a $20 billion currency swap. (SEM)
📈 Hot Stock Picks
⭐ Editor’s Pick: The Vanguard Small-Cap ETF stands out as a top pick for small-cap exposure, offering low 0.04% fees, diversified holdings across 1,400+ companies, and strong historical returns, ideal for navigating volatile markets, Morningstar says. (MS)
Marvell Technology has emerged as an asymmetric bet on the custom AI chip surge, trading at a discount to Broadcom, with Seeking Alpha urging a strong buy. (SA)
Motley Fool highlights CrowdStrike and Datadog as top growth stocks to buy and hold for a decade, fueled by their leadership in cybersecurity and cloud monitoring with robust 30%+ revenue growth. (MF)
Duke Energy and Xcel Energy have emerged as resilient utilities plays, boasting dividends, robust cash flows, and upside in renewables and data centers to outpace the S&P 500, according to Market Beat. (MB)
🏢 Industry
⭐ Editor’s Pick: Chinese criminal gangs have raked in over $1 billion from U.S. scam texts mimicking authorities to harvest credit-card data for bogus tolls and fees. (WSJ)
A Jane Doe plaintiff sued Bank of America and BNY Mellon in Manhattan federal court, alleging the banks aided Jeffrey Epstein's sex-trafficking ring. (NYP)
X will unveil profile transparency features—creation dates, locations, name changes—to combat AI bots and bolster user trust. (TC)
Trump hosted a White House East Room dinner for donors, including execs from Microsoft, Amazon, and Palantir, who contributed funds to the new $250 million ballroom's construction. (WSJ)
🛢️ Energy & Commodities
⭐ Editor’s Pick: Trump's American Energy Dominance plan, emphasizing reliable baseload sources, positions marine energy as a potential powerhouse capable of supplying up to 60% of U.S. electricity. (TP)
Trump said Indian Prime Minister Modi pledged to end India's purchases of Russian oil, aiming to curtail Moscow's war funding in Ukraine. (CNBC)
Amazon unveiled details of its partnership with Energy Northwest and X-energy to deploy up to 12 small modular reactors in Washington state, generating 960 megawatts to fuel AI data centers. (AMZN)
Gold prices powered past $4,200 an ounce in a record-setting rally, fueled by Fed Chair Powell. (INV)
U.S. national average gas prices dip to $3.07 per gallon, poised to breach $3.00 soon amid softening oil below $60/barrel. (FBN)
🌕 Crypto
⭐ Editor’s Pick: OCC granted preliminary nod to Peter Thiel-backed Erebor Bank, a crypto-AI startup poised to serve tech innovators with digital assets and traditional services. (FT)
Polymarket rolled out up/down equity markets, enabling crypto users to bet on stock price directions. (TB)
Eric Trump, co-founder of World Liberty Financial, confirms plans to tokenize a developing real estate project via the firm's stablecoin. (CD)
Bitwise CIO Matt Hougan dismisses crypto flash crash as a fleeting blip, urging investors to focus on long-term growth. (BW)
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TECH
💻 OCC Approves Erebor Bank, Thiel-backed Startup Championing Crypto and AI Innovation

(Credit: Gage Skidmore)
The Scoop: The Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for Erebor Bank, a pioneering national bank backed by Peter Thiel, Palmer Luckey, and Joe Lonsdale. Targeting crypto, AI, and tech startups, Erebor fills the void left by Silicon Valley Bank’s 2023 collapse, the Financial Times reports.
The Details:
Comptroller Jonathan Gould called Erebor the first new bank approved since his July 2025 start, affirming no barriers to safe digital asset activities within a dynamic banking system.
Founded in 2025 and named after Tolkien’s Erebor, the bank will blend traditional services with crypto products, holding select cryptocurrencies to serve innovation-driven firms in virtual currencies, AI, defense, manufacturing, and payments.
The OCC’s four-month review of Erebor’s June application upheld rigorous standards without special treatment despite founders’ Trump ties, positioning it as a stable hub for ultra-high-net-worth tech clients.
What’s Next: Headquartered in Columbus, Ohio, with a New York office, Erebor must meet pre-opening requirements like a 12% Tier 1 leverage ratio. If successful, it could lead a new wave of federally backed crypto banking, boosting U.S. fintech leadership.
Tech Roundup
🧠 AI
⭐ Editor’s Pick: Google DeepMind's C2S-Scale AI model devised and validated a breakthrough cancer immunotherapy hypothesis, pinpointing silmitasertib as a conditional amplifier that boosts tumors’ immune visibility in targeted contexts. (GOOG)
AI tools are revolutionizing pain assessment, slashing antipsychotic use by 25% in UK care homes and enabling precise post-op dosing without excess opioids. (MIT)
OpenAI CEO Sam Altman rebuffed criticism of ChatGPT's permitting erotica for adults, insisting the firm isn't the "elected moral police of the world." (CNBC)
Anthropic unveiled Claude Haiku 4.5, an upgraded lightweight AI model matching mid-tier rivals like Sonnet 4 at one-third the cost and double the speed. (TC)
🤖 Hardware & Robotics
⭐ Editor’s Pick: Honor teased a "Robot Phone" concept with AI-powered, gimbal-like unfolding camera arm for autonomous selfies and multi-angle shots. (VER)
MIT engineers unveil tiny, shape-shifting robots that swarm, adapt, and self-heal using magnetic fields and AI. (SCI)
Chinese eVTOL maker EHang unveiled a two-seat VT35 autonomous flying taxi with 100-mile range and vertical takeoff. (FBN)
Chinese firm DEEP Robotics' robot dogs, adept at obstacle navigation and autonomous mapping, captivate crowds at Dubai's GITEX Global tech fair. (AA)
🚀 Defense & Space
⭐ Editor’s Pick: Trump appeared to confirm his authorization of covert CIA operations against Venezuela's Maduro regime amid a crackdown on narco-terror. (DP)
Russian cosmonauts Sergey Ryzhikov and Alexey Zubritskiy will embark on a spacewalk from the ISS today to perform maintenance tasks. (SP)
General Atomics Electromagnetic Systems successfully tested a Long Range Maneuvering Projectile, bolstering U.S. long-range firepower against near-peer threats. (DN)
U.S. Army's inaugural hypersonic unit at Joint Base Lewis-McChord nears full operational readiness by December, with delivery of 12 Dark Eagle missiles to counter China and Russia's capabilities. (DN)
💰Venture Capital
⭐ Editor’s Pick: AI startup Campfire secured a $65 million Series B co-led by Accel and Ribbit. (CB)
Stoke Space Technologies secured $510 million in a Series D round led by USIT, aiming to bolster its Nova rocket's full reusability abilities. (RDW)
Indian audio platform Kuku landed $85 million in Series C funding led by Granite Asia at $500 million valuation. (TC)
London-based Jack & Jill, a developer of conversational AI agents to streamline hiring, raised $20 million in a seed round led by Creandum. (SIF)
FREEDOM
👶 Inside Harmeet Dhillon’s Anti-Woke "Revolution"

(Credit: Gage Skidmore)
The Scoop: Harmeet Dhillon, assistant attorney general for the Justice Department’s Civil Rights Division, is waging a civil rights enforcement “revolution,” championing fairness and merit by challenging outdated affirmative action and DEI policies, The Free Press reports.
The Details:
Dhillon aligns the division with Trump’s agenda, rejecting its past insulation to focus on eliminating what she sees as a biased system favoring certain groups, promoting equal opportunity for all.
Since April 2025, she’s streamlined efforts by dismissing outdated lawsuits against Minneapolis and Louisville police, defended female athletes’ rights through a Title IX lawsuit against California, and ensured voter roll transparency in Maine and Oregon.
Around 368 attorneys have left, allowing Dhillon to rebuild a team committed to her vision of efficiency and accountability.
Dhillon’s lawsuits safeguard women and Jewish students, addressing neglected civil rights issues like antisemitism on campuses and unfair sports policies.
With “FAFO” and “Tears of My Enemy” mugs, Dhillon combines wit with resolve, earning praise from allies like Dinesh D’Souza for her calm yet uncompromising approach.
What’s Next: Supported by Trump’s anti-DEI executive orders and the 2023 Supreme Court ruling against affirmative action, Dhillon’s actions could inspire lasting change, provided it navigates political challenges ahead.
Freedom Roundup
🏛️ Policy & Culture
⭐ Editor’s Pick: London, once the cradle of free speech through Mill and Orwell, now averages 30 daily arrests for offensive online posts, eroding its liberal legacy amid a surge in censorship and surveillance. (TFP)
A Montana judge dismissed a youth-led climate suit challenging Trump-era fossil fuel policies, citing lack of judicial authority to enforce decarbonization. (OP)
Salesforce CEO Marc Benioff, who now backs National Guard deployment against San Francisco crime, routed $27.4 million via the Tides Foundation to activist groups fueling the "protest-industrial complex." (WEX)
WinRed bolsters its board with three Trump-era heavyweights—strategist Chris LaCivita, pollster Tony Fabrizio, and policy advisor Matt Lira—to bolster fundraising tech for GOP candidates. (WR)
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DISCLAIMER: The CAPITAL newsletter is for informational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research and consult a qualified financial advisor before making investment decisions. The CAPITAL newsletter and its owner and operator, Josh Caplan, are not liable for any loss or damage resulting from reliance on this information. The CAPITAL newsletter is solely owned and independently operated by Josh Caplan, separate from any employer affiliations.