Offshore
Dimitry Nakhla | Babylon Capital® It’s been a wild ride, to say the least Yet those with strong conviction—who stayed focused on fundamentals & understood the value of the transition $SNPS is undergoing—were the ones most likely to hold steady and see the…
𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲. - Dimitry Nakhla | Babylon Capital® tweet
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲. - Dimitry Nakhla | Babylon Capital® tweet
WealthyReadings
$ADBE did everything right.
Another steady quarter, record cash generation, big buybacks, guidance above expectations for stable continuation.
But the market doesn’t care. Why?
Because it wants financial proof of dominance. And that hasn’t shown up yet.
Patience.
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$ADBE did everything right.
Another steady quarter, record cash generation, big buybacks, guidance above expectations for stable continuation.
But the market doesn’t care. Why?
Because it wants financial proof of dominance. And that hasn’t shown up yet.
Patience.
$ADBE is cheap for very good reasons.
Is the company bad? No.
Is it making money? Lots.
Does it have high multiples? No.
Doesn't the market realise that? It does.
The problem is uncertainty.
No one doubt of the quality of the business and its cash generation potential; many doubts about its sustainability in an AI dominated world, even if Adobe does AI.
New tools are taking over some basic work. Who's to say demand will continue to go to $ADBE?
The market doesn't like risk it can't measure. This uncertainty doesn't make the risk/reward attractive right now. That's why $ADBE isn't catching a bid.
Do I believe $ADBE will be disrupted? No.
Do I believe $ADBE will retain its users? Yes.
Am I buying? No.
Simply because the situation isn't attractive. It could take $ADBE two years to bounce from here. It could never bounce. It could be disrupted.
$ADBE isn't an S-tier setup. It doesn't deserve liquidity, today. No matter my personal bias. Because nothing says my bias is right.
If it were right. Then I'll have time. Do you think $ADBE will trade at $1,000 tomorrow? It won't.
Money isn't made by catching the bottom or selling the tops. It is made in between, by minimizing risks to the point where you can be overly aggresive with your positionning and maximize returns.
This requires patience. $ADBE's time will come. tweet
X (formerly Twitter)
WealthyReadings (@WealthyReadings) on X
$ADBE is cheap for very good reasons.
Is the company bad? No.
Is it making money? Lots.
Does it have high multiples? No.
Doesn't the market realise that? It does.
The problem is uncertainty.
No one doubt of the quality of the business and its cash generation…
Is the company bad? No.
Is it making money? Lots.
Does it have high multiples? No.
Doesn't the market realise that? It does.
The problem is uncertainty.
No one doubt of the quality of the business and its cash generation…
Offshore
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App Economy Insights
$ORCL Oracle Q2 FY26 (Nov. quarter).
• RPO +438% Y/Y & +15% Q/Q to $523B.
• Cloud revenue +34% Y/Y to $8.0B.
• Revenue +14% Y/Y to $16.1B ($0.1B miss).
• Non-GAAP EPS $2.26 ($0.62 beat). https://t.co/llhvBEGyLE
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$ORCL Oracle Q2 FY26 (Nov. quarter).
• RPO +438% Y/Y & +15% Q/Q to $523B.
• Cloud revenue +34% Y/Y to $8.0B.
• Revenue +14% Y/Y to $16.1B ($0.1B miss).
• Non-GAAP EPS $2.26 ($0.62 beat). https://t.co/llhvBEGyLE
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Offshore
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App Economy Insights
$ADBE Adobe Q4 FY25 (Nov. quarter):
• RPO +13% to $22.5B.
• ARR +12% to $25.2B.
• Revenue +10% to $6.2B ($80M beat).
• Non-GAAP EPS $5.50 ($0.10 beat).
• FY26 revenue ~$26B ($0.1B beat). https://t.co/QOjzephkyN
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$ADBE Adobe Q4 FY25 (Nov. quarter):
• RPO +13% to $22.5B.
• ARR +12% to $25.2B.
• Revenue +10% to $6.2B ($80M beat).
• Non-GAAP EPS $5.50 ($0.10 beat).
• FY26 revenue ~$26B ($0.1B beat). https://t.co/QOjzephkyN
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Offshore
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Fiscal.ai
"Remaining Performance Obligations (RPO) increased by $68B in Q2 — up 15% sequentially to $523 billion — highlighted by new commitments from Meta, NVIDIA, and others"
$ORCL: -9.8% after hours https://t.co/2sYJGUu5Im
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"Remaining Performance Obligations (RPO) increased by $68B in Q2 — up 15% sequentially to $523 billion — highlighted by new commitments from Meta, NVIDIA, and others"
$ORCL: -9.8% after hours https://t.co/2sYJGUu5Im
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AkhenOsiris
OpenAI $CRWD $ZS $PANW
OpenAI says the cyber capabilities of its frontier AI models are accelerating and warns Wednesday that upcoming models are likely to pose a "high" risk, according to a report shared first with Axios.
Why it matters: The models' growing capabilities could significantly expand the number of people able to carry out cyberattacks.
Driving the news: OpenAI said it has already seen a significant increase in capabilities in recent releases, particularly as models are able to operate longer autonomously, paving the way for brute force attacks.
The company notes that GPT-5 scored a 27% on a capture-the-flag exercise in August, GPT-5.1-Codex-Max was able to score 76% last month.
"We expect that upcoming AI models will continue on this trajectory," the company says in the report. "In preparation, we are planning and evaluating as though each new model could reach 'high' levels of cybersecurity capability as measured by our Preparedness Framework."
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OpenAI $CRWD $ZS $PANW
OpenAI says the cyber capabilities of its frontier AI models are accelerating and warns Wednesday that upcoming models are likely to pose a "high" risk, according to a report shared first with Axios.
Why it matters: The models' growing capabilities could significantly expand the number of people able to carry out cyberattacks.
Driving the news: OpenAI said it has already seen a significant increase in capabilities in recent releases, particularly as models are able to operate longer autonomously, paving the way for brute force attacks.
The company notes that GPT-5 scored a 27% on a capture-the-flag exercise in August, GPT-5.1-Codex-Max was able to score 76% last month.
"We expect that upcoming AI models will continue on this trajectory," the company says in the report. "In preparation, we are planning and evaluating as though each new model could reach 'high' levels of cybersecurity capability as measured by our Preparedness Framework."
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Offshore
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: $MA increased its quarterly dividend by +14% to $0.87 per share & authorized a new $14B buyback program 💳
The new repurchase plan will go into effect after the remaining $4.2B under the existing authorization is completed https://t.co/onRThbjubF
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RT @DimitryNakhla: $MA increased its quarterly dividend by +14% to $0.87 per share & authorized a new $14B buyback program 💳
The new repurchase plan will go into effect after the remaining $4.2B under the existing authorization is completed https://t.co/onRThbjubF
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Offshore
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Quiver Quantitative
JUST IN: Representative Stephen Lynch has signed Rep. Luna's discharge petition to force a vote on a congressional stock trading ban. https://t.co/EQbisKaige
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JUST IN: Representative Stephen Lynch has signed Rep. Luna's discharge petition to force a vote on a congressional stock trading ban. https://t.co/EQbisKaige
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