The Cue Report: week of Sep 7, 2026

Oracle (ORCL)

In focus because the news and the share price pointed different ways.

Oracle raised its full-year profit guidance, booked $30 billion in quarterly AI cloud contracts and reported quarterly revenue and cloud sales above estimates as AI demand lifted its cloud business. Its remaining performance obligations, the measure of contracted revenue still to come, rose to $664 billion from $638 billion a quarter earlier. Oracle also spent $28.5 billion in capital expenditure in the quarter and had a reported $300 billion cloud deal with OpenAI. AI cloud demand outpaced supply, putting a capacity constraint beside the stronger contracts, backlog and spending figures. The shares fell 7.5% between Sep 8 and Sep 11.

NVIDIA (NVDA)

In focus because the news and the share price pointed different ways.

Amazon tripled its Nvidia GPU orders to 3 million chips. Nvidia also planned two gigawatts of AI infrastructure in Australia, a major expansion of data centre capacity there to meet AI demand. Nvidia shares fell 3.3% between Sep 8 and Sep 11.

Apple (AAPL)

In focus as the week's second most covered company.

Apple launched the iPhone Duo, its first foldable iPhone, at its September 2026 “Sunrise and shine” event, giving John Ternus his first big product test after he took the CEO role last week. The company also announced the iPhone 18 Pro and iPhone 18 Pro Max with the faster A20 Pro processor, more GPU power and additional neural cores for AI-related tasks. Apple added Siri AI Audio Intelligence features including Siri Recap, Live Rewind, Sound Recognition and Music Recognition, and said its new watches can transcribe recent speech and summarize ambient conversations without saving raw audio. Between Sep 8 and Sep 11 the shares rose 5.1%.

Broadcom (AVGO)

In focus as the week's fourth most covered company.

Broadcom forecast annual AI semiconductor revenue of $230 billion in 2028, on demand for advanced semiconductor technologies. Its AI semiconductor revenue grew 221% last quarter. Between Sep 8 and Sep 11 the shares fell 1.8%.

Information Technology

AI demand met hard supply constraints across information technology this week, from server backlogs to chips, storage and memory. Hewlett Packard Enterprise reported a $7.6 billion AI product backlog waiting on memory supply and raised its 2027 outlook as AI networking demand surged. Micron sat on the other side of the same bottleneck, with AI’s HBM shortage strengthening its hand and putting pressure on Nvidia’s GPU economics.

Materials

Materials had a fragmented week: Sudan’s gold-mining boom produced the clearest real-world damage, while Prasol Chemicals and Glass Wall Systems were mainly listing stories. In Abu Hamad on the Nile, an artisanal gold-mining boom driven by war and poverty caused a public health emergency. Mining chemicals poisoned soil and water on land that had produced dates, citrus fruit, winter grains and cereals for Khartoum, Port Sudan and other eastern Sudanese cities. Prasol Chemicals and Glass Wall Systems prepared to list their IPOs on 16 September, while grey market premiums pointed to a discount for Prasol and gains for Glass Wall. None of the three pointed to a shared trend across materials companies.

Financials

Rate expectations set the backdrop for financials this week. Fed funds futures put the chance of a 25-basis-point Fed rate hike at the Sep 16 meeting as high as 90%, according to CME Group data cited by The National. The same report said that pricing followed a spike in crude oil prices and the European Central Bank’s 25-basis-point rate rise on Sep 10, tying the financial backdrop to inflation concerns. Beyond rates, the week’s financials coverage was separate company news with no common operating thread.

Energy

Energy’s week was defined by a concrete supply squeeze, with oil above $100 a barrel and reported disruptions stretching from Saudi infrastructure to the Strait of Hormuz. Brent crude hit $108 per barrel before retreating to $107.22, while West Texas Intermediate traded at $102.66, and a drone attack on Saudi Arabia’s East-West pipeline could cut off another 4% of global oil supply. Saudi authorities also said Yemen’s Iran-aligned Houthis attacked some energy facilities, and another report said Strait of Hormuz blockages continued ahead of winter as market concerns shifted toward an extended outage. The pressure mattered beyond trading screens: U.S. oil prices topped $100 while August inflation data showed the toll energy costs are taking on commercial users.