Investment Rating - Investment rating: None [4] Core Views - The report highlights significant growth in AI-driven computing demand, as evidenced by Oracle's FY1Q26 earnings report, which raised revenue guidance for its cloud infrastructure business (OCI) [4][15] - Oracle's RPO increased by 359% year-on-year, reaching $455 billion, driven by long-term contracts with major clients like OpenAI, with expectations of signing new contracts worth billions [4][15] - The report indicates a bullish sentiment in the tech sector, with major indices like the Nasdaq reaching new highs, driven by Oracle's strong performance [4][7] Summary by Sections 1. Overseas AI - The tech sector saw a rise, with the Nasdaq hitting new highs during the week of September 8 to September 12, 2025, and the Hang Seng Tech Index increasing by 5.3% [7] - Oracle's earnings exceeded expectations, leading to significant stock price increases for key companies, including a 26% rise for Oracle and 20% for Micron Technology [4][7][15] 2. Web3 and Cryptocurrency Market - The total market capitalization of cryptocurrencies rose to $4 trillion as of September 12, 2025, up from $3.8 trillion the previous week [17] - The report notes a positive trend in cryptocurrency prices, driven by expectations of interest rate cuts and favorable SEC policies [32] - Key cryptocurrency assets saw net inflows totaling $2.324 billion during the week, indicating strong market interest [26][32] 3. Recent Important Events - Oracle's significant capital expenditure increase of 269% year-on-year to $8.5 billion in FY2026Q1 is aimed at enhancing energy efficiency and computing capacity [15] - The report anticipates upcoming earnings reports from Micron Technology and Uranium Energy on September 23 and September 25, respectively [16]