BIt's six-thirty on a Wednesday, and Jim Cramer's already fired off two posts before most of Wall Street's had coffee.
AThat's either impressive or terrifying. What's he got?
BFirst, he says Oracle got its deal done in time. Three exclamation points. He's practically cheering.
AOracle's been on a tear with cloud deals. If Cramer's this excited, it must be a big one. But he also posted about data centers, right?
BExactly. He says state by state, more restrictions on building data centers, but fewer outright bans. His take: favors incumbents plus spending within means, not endless buildouts.
AFavors incumbents? That's convenient if you're already Oracle or Microsoft. But is he right? I checked the trackers, and he's not wrong on the restrictions part. States are adding permit reviews, tax incentive rollbacks, siting conditions.
BRight, New York's got a pause tied to a study, Maine's governor vetoed a proposed ban. So no permanent bans yet, but the gates are getting higher.
ASo the big guys who already have land and power deals locked in just get moat. New entrants have to jump through more hoops.
BThat's exactly what Cramer's saying. Spending within means—not these endless buildouts. The days of 'build a gigawatt campus on spec' might be over.
ABut wait, that's also bad for innovation. If only the giants can expand, you entrench whoever's already big. That's not a free market.
BIt's a free market with local control. Towns get a say in whether a data center sucks up their water and grid. If that means fewer new players, maybe that's the price of not letting the industry run wild.
AOh come on, you're defending NIMBYism? The same people who block housing now block data centers, and then we wonder why cloud costs go up.
BI'm not defending NIMBYism, I'm saying Cramer has a point that incumbents with existing footprints will benefit. That's not cheering for it, that's reading the map.
AFair enough, but let's be honest: Cramer's cheerleading Oracle's deal and then saying 'spending within means'—it's a bit contradictory. Oracle just spent a fortune on cloud infrastructure.
BOracle's playing catch-up. They had to spend. But now the rules get tighter, and they're already inside the gate.
ASo the takeaway for pre-market: watch the hyperscalers versus the wanna-bes. If restrictions keep stacking, the big three get bigger.
BAnd Oracle just reminded everyone it's still in that club. Three exclamation points' worth.
AWe'll pick it up again with the macro setup—jobs report whisper numbers and that eurozone CPI print are both on the docket.
BThat's the pre-market picture: rules tightening, incumbents smiling. Back in a few.