Mar. 12 at 2:35 PM
Weekly AI Update
MICROSOFT POSTS WORST START TO A YEAR SINCE 2008
$MSFT is down 19% YTD, its worst start since the Great Recession, as investors lose patience with
$37.5B quarterly capex and OpenAI exposure.
NEBIUS GROUP SURGES ON EXPLOSIVE AI CLOUD RESULTS
$NBIS reported Q4 revenue up 547% YoY, with core AI cloud revenue up 830%, and hit positive adjusted EBITDA for the first time. The company holds
$20B+ in locked contracts from
$MSFT and
$META and is targeting
$7-9B in annualized run-rate revenue by year-end.
OKTA JUMPS AS AGENTIC AI OPENS A BRAND NEW MARKET
$OKTA beat Q4 estimates with
$761M in revenue and a record
$1.3B in total contract value, rallying while the broader market sold off. The bigger story is structural. Non-human identities like AI agents and bots now outnumber humans in corporate networks, handing Okta a TAM that simply did not exist at its IPO.
