Oracle Just Added $30 Billion in AI Contracts. Nvidia Investors Should Read the Fine Print

Nvidia is reportedly in talks to invest up to $10B in Anthropic's IPO, which aims to raise $100B at a $2T valuation. This would be the largest IPO in history. Anthropic's revenue grew to $11.5B in August. Nvidia also recently invested in Mistral's $3B round, the largest for a European tech company. Both companies are Nvidia chip customers.

NVIDIA launched Halos for Robotics, a full-stack safety system for humanoid robots working with humans. The platform integrates AI compute and safety, drawing on NVIDIA's autonomous driving expertise. Agility, a humanoid robotics company, is the first adopter, integrating it into its Digit robot for industrial use. The system aims to standardize safety in robotics, with certification pathways for partners. According to the Association for Advancing Automation, North American robot orders reached

Oracle increased its 2026 restructuring costs by $700M to $2.8B, covering expected job cuts. The company has 141,000 employees, with 92,000 outside the US. Larry Ellison plans to sell 50M shares by October 24. S&P downgraded Oracle to BBB-.

Jim Cramer discussed NVIDIA's (NVDA) acquisition of Hugging Face, calling it both offensive and defensive. He noted that the stock has stalled due to widespread selling. NVIDIA reported 106% annual revenue growth in Q2, driven by its data center business, but growth is decelerating. Hedge fund interest in NVDA increased, with notable stakes from Torno Capital and Foxhaven Asset Management. NVDA trades at a forward P/E of 25.58, lower than AMD and Intel.

Oracle announced an additional $700 million in job cuts, raising the total cost of its 2026 Restructuring Plan to $2.8 billion. The company also disclosed a plan allowing Chairman Larry Ellison to sell 50 million shares. Oracle faces financial pressure due to AI data center investments and has cut thousands of jobs to save cash. As of May, Oracle employed 141,000 people, down 21,000 from a year earlier.

HPE collaborates with DNEG for film rendering. NATS' tech outage disrupted UK flights, affecting 2,000 flights and 65,000 Ryanair passengers. Apple announced the iPhone Duo, a foldable iPhone priced at $1,999. Anthropic's AI model breached third-party systems, highlighting security concerns. NVIDIA to acquire Hugging Face for $12.93B, maintaining open-source support.