I keep seeing people treat $ORCL and $NVDA like they just rewrote the same deal They didnt $NVDA cut the OpenAI Ohio backstop from $250B to under $120B. First phase only, This isnt them walking away from AI. OpenAI is still talking a full 10GW lease. They still sell the chips and they just wont be the bank. Demand didnt disappear lmao just the circular financing $ORCL is the other side of this and it's not the same trade. The New Mexico gas line that feeds Project Jupiter just slipped from August to Feb 2027 AND that site is up to $165B. They say its still on schedule but then Friday already said otherwise, $150, already half off $324 and -22% YTD $638B RPO. -$23.7B FCF. BBB- sheet. Missing power dates and keeping that multiple is the tell $NVDA is fine. $ORCL got worse. OOOF