$MSFT

Okta's growth halves to 11% while the GAAP-to-adjusted gap swallows half its profit

Okta sells trust for a living, and the market is quietly repricing how much of it remains. The identity vendor that once compounded revenue above fifty percent a year reported just eleven percent grow…

2026-06-22

OKTA MSFT PANW+1

Sony's record ¥1.45 trillion profit hides a console past its peak and a ¥208 billion write-off year

Sony Group closed fiscal 2025 with the headline investors wanted — record sales of ¥12.48 trillion and record operating income of ¥1.45 trillion, up 13% — and the market filed it under "content compou…

2026-06-20

SONY MSFT NTDOY

SAP's 27% Cloud Headline Hides 6% Reported Growth and a 13-Point Currency Crutch

SAP sells itself to investors as a German hyperscaler in waiting — Business AI, the Joule copilot, a cloud backlog vaulting 25% and a Cloud ERP Suite compounding at 30%. Strip the constant-currency la…

2026-06-20

SAP ORCL CRM+1

Microsoft Booked a $5.9 Billion Gain on a Company That Loses Billions

Microsoft is the bluest of blue chips, the steadiest mega-cap in the market, a fortress of recurring software profits. So it is worth pausing on a line buried in its accounts: over the nine months end…

2026-06-12

MSFT NVDA AMZN+1

Amazon Is Spending $200 Billion on AI. Its Free Cash Flow Just Fell 95%.

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2026-06-12

AMZN MSFT GOOGL+1

The Pin

A company raised two hundred and thirty million dollars to build a small square of aluminum that clipped to your shirt and promised to replace your phone. It shipped fewer than ten thousand of them, w…

AAPL GOOGL AMZN+1

Search and Destroy

For twenty-five years it ran the greatest business ever built — the toll bridge that every question on the internet had to cross, monetized with the highest-margin advertising in history, a monopoly s…

GOOGL MSFT AAPL+1

Creative Destruction

It was one of the great software franchises ever built — the company that owns the verbs of digital creation, whose products became the words we use for the acts themselves: to photoshop, to edit, to …

ADBE FIG CRM+1

The Outage Premium

On a single morning in July 2024, a cybersecurity company pushed a flawed software update and crashed eight and a half million computers, grounding airlines, freezing hospitals, and shutting down bank…

CRWD MSFT PANW+1

Patient Zero

Nvidia is the most valuable company in history, the keystone of the AI boom, and the single stock that more of the world's money depends on than any other. It is also a company whose revenue increasin…

2026-06-10

NVDA MSFT ORCL+2

The Landlord's Gamble

Oracle has borrowed more than $100 billion and is burning cash faster than at any point in its history to build $300 billion of data centers for a single tenant — one that loses fourteen billion dolla…

ORCL NVDA MSFT+2

Borrowed Time

The AI build-out is being paid for with debt — more than $155 billion of it from the tech giants alone, another $120 billion hidden in off-balance-sheet vehicles, and bonds that mature in the 2050s to…

ORCL META MSFT+2

The Ouroboros

OpenAI has filed to go public at up to a trillion dollars. It loses fourteen billion a year, has promised more than a trillion in spending it cannot afford, and sits at the center of a circle in which…

MSFT NVDA ORCL+2

The Tell

The founders built the most talked-about company of the AI boom and rode it up roughly 150%. Since their shares came unlocked they have converted $2.3 billion of their own paper into cash — and not on…