🔔 The Daily Semi-Cap — September 10, 2026 📊 SMH: $560.28 (-2.44%) 📈 Earnings: • ORCL — $19.35B rev (est. $19.14B), $1.92 adj. EPS (est. $1.74). Revenue rose 30% YoY, cloud revenue grew 62% to $11.6B, and OCI revenue surged 121% to $7.4B. RPO reached $664B, FY27 revenue guidance moved to at least $90B, and shares rose more than 6% after hours. 🔥 Major Developments: • NVIDIA and Palantir launched a sovereign-AI stack for critical supply chains, starting with NVIDIA’s own operations. NVIDIA has already built a Palantir-based command center that combines material, capacity, geopolitical, weather, and supplier signals for allocation decisions. • The White House moved to accelerate AI-data-center construction through multiple permitting and environmental-rule changes. One proposal could classify some temporary gas turbines as mobile equipment, materially shortening the path to behind-the-meter power. • August PPI rose 5.4% YoY versus 5.3% expected as energy costs jumped 4.2% MoM. Brent climbed above $105 and the 10-year Treasury yield reached roughly 4.91%, its highest since 2023, driving a 2.44% selloff in SMH despite fresh AI-infrastructure demand signals.