The Rundown Oracle Soars on AI Earnings Beat, Nvidia Invests $2B Into Nebius
Mar 11, 2026
Markets swing on a deleted government tweet that sent oil prices reeling. Inflation data for February lands at 2.4% amid talk that the number may already miss recent price moves. Oracle rallies after a huge AI cloud revenue beat and guidance bump. Nvidia drops a $2B investment into Nebius, fueling a race for GPU access. AeroVironment stumbles on weaker sales, and Meta buys a robot-focused social network.
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Deleted Tweet Whipsaws Oil Market
- A deleted Energy Secretary tweet briefly crashed oil prices, then reversal spiked them back up when the White House corrected it.
- The timeline: X post said Navy escorted a tanker, it was deleted, White House clarified no escort, oil jumped to ~$85.
Rising Oil Can Reignite Inflation And Hit Consumers Fast
- Elevated oil prices are already broadening economic risk by raising consumer fuel costs and threatening a return of inflation.
- Oil is up ~30% since the war, gas jumped from $2.90 to $3.50, and IEA may release 400M barrels to calm markets.
February CPI Is Old News After The Iran Shock
- February CPI looked tame but is outdated because it predates the Iran war and the oil shock that followed.
- CPI was 2.4% YoY with core at 2.5%, yet oil spikes since Feb 28 could push March inflation materially higher.