Wall Street’s 60/40 formula was born in 1952 — the same year as the first credit card. A lot has changed since.

That’s why we created a new approach — The H.E.A.T. Formula — to empower investors to spot opportunities, think independently, make smarter (often contrarian) moves, and build real wealth.

Table of Contents

I am going to be in Korea this week, still plan on sending the newsletter out but not exactly sure on timing every day, may also be on a plane all of Tuesday and not able to get to it.

🔥 Here’s What’s Happening Now

Not a lot going on yesterday ahead of FOMC. Going into something like this on a major uptrend I always like to take some risk off the table, or add to hedges just in case. As I said earlier in the week, I think bonds are priced for perfection, I’d be careful…..

🧠 Oracle Joins the AI “Elite Club”: Who’s Next?

Oracle just shocked the Street by landing in an exclusive three-stock club with 20%+ upward revisions to 2028 sales estimates since June. Only Oracle, Nvidia, and Constellation Energy pulled that off. The catalyst? Management’s aggressive revenue guidance for OCI, backed by $455B in backlog, four multibillion-dollar contracts, and OpenAI’s mega-spend on GPU-centric data centers. Analysts are scrambling to catch up, and ORCL has been re-rated as an AI compute utility with multi-year visibility.

Next Winners (12–36 months)

  • Constellation Energy (CEG) — Nuclear power as an AI infrastructure bottleneck. Their 20-year deal to supply Meta is the blueprint: hyperscalers lock in carbon-free baseload. Rating: 8.5/10.

  • NRG Energy (NRG) — Same thesis: utilities pivoting to serve AI data centers. Early but compelling. 7.5/10.

  • Nvidia (NVDA) — The choke point. Every Oracle data center build means GPU orders. 9/10.

  • Broadcom (AVGO) — Networking silicon, optics, custom ASICs = the “data plumbing” behind Oracle’s backlog. 8.5/10.

  • KLA (KLAC), Lam Research (LRCX), Applied Materials (AMAT) — Tools/metrology that scale the supply chain to deliver AI chips. 8–8.5/10.

  • Meta (META) — AI infra spend is real, and their pivot to data-center optimization + AI advertising plays directly into the same secular capex. 8/10.

  • TSMC (TSM) — Packaging, logic dies, and fab capacity = unavoidable beneficiary of hyperscaler and Oracle demand. 8/10.

One more……

Bloom Energy’s stock is surging — and could ride Oracle’s growth to even more gains

Bloom shares have more than tripled this year, and Morgan Stanley says the clean-tech company’s work with Oracle sets the stage for “explosive” momentum.

www.marketwatch.com/story/bloom-energys-stock-is-surging-and-could-ride-oracles-growth-to-even-more-gains-25c30ff3?mod=home_lead

Potential Losers

  • Legacy data-center REITs without AI power density — risk of capex bypass if they can’t deliver gigawatt-scale, liquid-cooled space. 5.5–6.5/10.

  • On-prem server vendors (Dell, HPE) — Oracle’s proof is that customers want cloud AI scale, not legacy boxes. 5–6/10.

  • Auto OEMs (Ford, Tesla) and basic materials (Packaging Corp, Newmont): their estimates rose only modestly and are likely riding beta, not secular AI tailwinds. These will lag if investors crowd further into true AI leverage.

Oracle’s reset confirms the capex barbell: (1) AI utilities like Oracle/CEG/NRG that capture power & compute demand, and (2) picks-and-shovels like NVDA/AVGO/TSMC/semicap tool vendors. The losers will be infrastructure or OEMs without direct AI leverage. If you want to play the next wave, lean into the AI infrastructure ecosystem—from power (CEG/NRG) to GPUs (NVDA) to the tools that make them possible (KLAC/LRCX/AMAT).

🧠 The AI Infrastructure Stack: Winners & Losers After Oracle’s Reset

Oracle’s $455B backlog and 20%+ revenue estimate revisions confirm one thing: AI is driving a multi-layer infrastructure buildout. To see where the money flows, map the winners and losers across the stack:

⚡ Power Layer

  • Winners:

    • Constellation (CEG) – nuclear baseload for hyperscalers

    • NRG Energy (NRG) – pivoting to power data centers

  • Losers: utilities without ability to deliver high-MW, 24/7 clean energy

🖥 Compute Layer

  • Winners:

    • NVIDIA (NVDA) – GPUs are the scarce resource, locked in via multi-year contracts

    • AMD (AMD) – inference acceleration, CPU/GPU diversification play

  • Losers: on-prem hardware vendors ($DELL, $HPE) with no AI attach

🌐 Networking & Plumbing

  • Winners:

    • Broadcom (AVGO) – optics, switches, custom silicon

    • Arista Networks (ANET) – high-speed DC networking

  • Losers: legacy telco hardware, slow to pivot to AI data-center interconnects

🏭 Packaging & Foundry

  • Winners:

    • TSMC (TSM) – advanced packaging (CoWoS, InFO)

    • ASML (ASML) – lithography bottleneck for leading-edge

  • Losers: fabs without scale or access to advanced tools (China CXMT, lagging memory vendors)

🛠 Tools & Metrology

  • Winners:

    • Applied Materials (AMAT)

    • Lam Research (LRCX)

    • KLA (KLAC)

  • Picks-and-shovels trade with durable order books

🏢 Application Layer

  • Winners:

    • Oracle (ORCL) – now re-rated as an AI compute utility

    • Microsoft (MSFT), Google (GOOGL), Meta (META) – hyperscalers with demand visibility

  • Losers: general-purpose cloud providers without cost/performance edge

📉 Laggards to Watch

  • Legacy REITs without liquid-cooling/high-MW density

  • On-prem IT vendors stuck in classical compute

  • Semicap laggards not tied to leading-edge AI ramps

Investor Takeaway

The Oracle reset shows the AI buildout isn’t just chips — it’s an end-to-end infrastructure story: power → compute → networking → packaging → tools → applications. The leaders at each layer (CEG, NVDA, AVGO, TSM, AMAT, ORCL) are where the durable alpha lies. The laggards are anyone without scale, density, or AI attach.

The Investment Strategy Wall Street Hopes You Never Discover

Tue, Sep 30, 2025 2:00 PM - 3:00 PM EDT

-Why the 60/40 strategy is dead and what to do instead

- How to use AI to uncover today and tomorrow's hottest themes

- 4 unknown edges that still exist in today's market

- How to set up your portfolio for asymmetrical returns

- Little-known asset class that has limited risk and potentially unlimited returns

- 4 ways to hedge your portfolio that don't include bonds

Click Below to Register

The Investment Strategy Wall Street Hopes You Never Discover

register.gotowebinar.com/register/2237592374108794972

📈 Stock Corner

Today’s stock is Evolv Technologies (EVLV)…..

This is a self defense name and it popped on the Charlie Kirk shooting, pulled back in a bit but in a solid uptrend.

From Chat GPT…..

❝

Evolv Technologies (EVLV) is trying to move past its “AI security scanner controversy” phase and emerge as a serious participant in security-as-a-service. Q2 2025 came in strong: revenue rose ~29% YoY to ~$32.5M, ARR climbing, and management upped its growth outlook for the year to ~27-30%. Evolv Technology+2Business Wire+2 They also secured a $75M non-dilutive credit facility, which helps shore up liquidity and supports scaling their subscription model. Evolv Technologies Holdings, Inc.+1

That said, risks aren’t trivial: EVLV still posts net losses; government & regulatory scrutiny over security claims (accuracy, false positives, FTC/SEC complaints) is unresolved; and the subscription model depends on consistent renewals + technology reliability. Yahoo Finance+3WIRED+3Federal Trade Commission+3

Takeaway: if you believe in long-term tailwinds around AI-enabled physical security—especially for high foot-traffic venues, schools, public spaces—Evolv could be a high-beta speculative play here. But it’s a position for risk-tolerant investors; you want to see margin improvement + resolution of regulatory issues before giving it a core weight.

📬 In Case You Missed It

🤝 Before You Go Some Ways I Can Help

  1. ETFs: The Antidote to Wall Street

  2. Inside HEAT: Our Monthly Live Call on What Wall Street Doesn’t Want You To Know

  3. Financial HEAT Podcast https://www.youtube.com/@TuttleCap Freedom from the Wall Street Hypocrisy

  4. Tuttle Wealth Management: Your Wealth Unshackled

  5. Advanced HEAT Insights: Matt’s Inner Circle, Your Financial Edge

    The views and opinions expressed herein are those of the Chief Executive Officer and Portfolio Manager for Tuttle Capital Management (TCM) and are subject to change without notice. The data and information provided is derived from sources deemed to be reliable but we cannot guarantee its accuracy. Investing in securities is subject to risk including the possible loss of principal. Trade notifications are for informational purposes only. TCM offers fully transparent ETFs and provides trade information for all actively managed ETFs. TCM's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. Trade notification files are not provided until full trade execution at the end of a trading day. The time stamp of the email is the time of file upload and not necessarily the exact time of the trades. TCM is not a commodity trading advisor and content provided regarding commodity interests is for informational purposes only and should not be construed as a recommendation. Investment recommendations for any securities or product may be made only after a comprehensive suitability review of the investor’s financial situation.© 2025 Tuttle Capital Management, LLC (TCM). TCM is a SEC-Registered Investment Adviser. All rights reserved.

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