One AI stock jumped 580%, then lost 85% after changing its name; Larry Ellison to sell up to $7.5 billion worth of Oracle

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

https://www.reuters.com/business/larry-ellison-cancels-plan-sell-oracle-stock-2026-09-12/

Ellison canceled the 50-million-share trading plan after it was disclosed. Oracle gave no reason for the cancellation. No shares were sold.

September 11 — Oracle’s AI boom sends capex to $28.5 billion in one quarter

https://www.reuters.com/business/retail-consumer/oracle-shares-rise-ai-cloud-backlog-beats-estimates-2026-09-11/

Oracle spent more than three times its year-earlier quarterly capex while free cash flow fell to negative $5.4 billion.

September 11 — Oracle’s backlog reaches $664 billion

https://www.marketwatch.com/story/oracles-ai-bet-pays-off-as-cloud-momentum-helps-drive-a-rosier-forecast-cc41a4aa

Oracle added more than $30 billion of new AI cloud contracts during the quarter and raised its FY2027 revenue forecast to at least $90 billion.

Nvidia in talks to invest in Anthropic’s mega IPO, sources say

https://www.reuters.com/legal/transactional/nvidia-talks-invest-anthropics-mega-ipo-sources-say-2026-09-11/

Nvidia is considering investing up to $10 billion in the IPO, one of the sources added. The plans remain under discussion and could change, they cautioned, requesting anonymity because the discussions are confidential.

Nvidia’s potential involvement in the IPO, which has not previously been reported, would give Anthropic an early strategic backer for the outsized offering, while further deepening ties between the chipmaker and one of its major customers. Bringing a deep-pocketed anchor investor like Nvidia onboard could boost ⁠investor confidence in the listing, which is shaping up to be a major test of public-market appetite for the enormous valuations and capital requirements of frontier AI labs.

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