POST-FED EDITION

25 BP LATER...
NOW LET'S FIND
THE OPPORTUNITY.

The Fed has made its move. Now the conversation changes. Yesterday was about interest rates. Today is about opportunity.

The economy is still moving. Businesses are still investing. AI infrastructure is still expanding. Data centers still need computing power, connectivity and enormous amounts of electricity. Capital hasn't disappeared. It's moving.

The Federal Reserve raised its target range by 25 basis points to 3.75%-4.00%. Just as important, the Fed described economic activity as expanding at a solid pace, domestic spending as resilient and capital investment as robust.

That gives investors a better question than simply asking what the Fed did: Where is capital going next - and which companies are positioned around that movement?

DON'T INVEST IN YESTERDAY.
INVESTIGATE WHAT COMES NEXT.

Five companies are on our screen today.

Source: Federal Reserve, FOMC statement, Sept. 16, 2026.

THE INVESTMENT CYCLE

THE BIG INVESTMENT CYCLE
IS STILL MOVING.

One rate decision does not switch off the structural forces reshaping the economy.

CLOUD

COMPUTE

POWER

CAPITAL

INFRASTRUCTURE

AI needs computing infrastructure. Computing needs cloud capacity. Cloud infrastructure needs connectivity. Data centers need reliable electricity. Businesses need financing. Emerging technology companies need platforms on which to build.

FIVE STOCKS. FIVE DIFFERENT OPPORTUNITIES.

ORCL ORACLE THE AI CLOUD

CRWV COREWEAVE THE AI FACTORY

BE BLOOM ENERGY THE POWER

JPM JPMORGAN THE CAPITAL

FCCN SPECTRAL CAPITAL EMERGING INFRASTRUCTURE

Different sizes. Different businesses. Different valuations. Different risk profiles. The common thread is investment in the systems that make the next technology cycle possible.

CLOUD + COMPUTE

AI DOESN'T RUN ON HYPE.
IT RUNS ON INFRASTRUCTURE.

Cloud and compute infrastructure illustration

ORCL | ORACLE

THE AI CLOUD

$19.3B

Q1 FY27 REVENUE | +30% YOY

+121%

CLOUD INFRASTRUCTURE GROWTH

$664B

REMAINING PERFORMANCE OBLIGATIONS

Oracle's latest quarter makes the infrastructure story tangible. Cloud infrastructure revenue reached $7.4B, while total cloud revenue rose 62% to $11.6B.

Oracle said demand for AI cloud training and inferencing continues to grow faster than supply. It delivered more than 300,000 GPUs to AI cloud customers since the end of Q4.

The point: AI demand is becoming contracted infrastructure demand.

CRWV | COREWEAVE

THE AI FACTORY

GPU INFRASTRUCTURE

AI cloud capacity

Data-center expansion

Accelerated computing

CoreWeave represents the newer, more concentrated side of the AI infrastructure buildout: a purpose-built cloud designed for demanding AI workloads.

Its Q2 update described record revenue and backlog and said customer demand was accelerating as enterprise adoption broadened.

As model builders and enterprises demand more compute, specialized infrastructure providers can sit directly in the flow of that spending.

The trade-off: rapid expansion requires capital, capacity and consistent customer demand.

Sources: Oracle Q1 FY27 results, Sept. 10, 2026; CoreWeave Q2 2026 results, Aug. 11, 2026.

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WHAT MAKES THE SYSTEM WORK

COMPUTE NEEDS POWER.
GROWTH NEEDS CAPITAL.

Power and capital infrastructure illustration

BE | BLOOM ENERGY

THE POWER

$1.07B

Q2 2026 REVENUE

+166%

YEAR-OVER-YEAR REVENUE GROWTH

$3.9-4.2B

2026 REVENUE GUIDANCE

AI -> data centers -> electricity. The chain is simple, but the implications are enormous.

Bloom crossed $1B in quarterly revenue for the first time and raised full-year guidance. Management said major U.S. hyperscalers, neoclouds, AI labs and colocation operators have validated its onsite power solutions.

THE AI REVOLUTION NEEDS POWER.

JPM | JPMORGAN

THE CAPITAL

$57.3B

Q2 2026 REPORTED REVENUE

$21.2B

Q2 NET INCOME

14.1%

STANDARDIZED CET1 RATIO

Not every opportunity on our screen is technology.

JPMorgan represents the capital, credit and financial machinery behind investment throughout the economy.

Average loans were up 10% year over year and average deposits up 7% in Q2. That makes JPM a useful counterpoint to the high-growth infrastructure names.

CLOUD. COMPUTE. POWER. AND MONEY.

Sources: Bloom Energy Q2 2026 results, July 28, 2026; JPMorgan Chase Q2 2026 earnings release.

EMERGING INFRASTRUCTURE

SPECTRAL CAPITAL | FCCN
CAN IT TURN SCALE INTO VALUE?

Investors don't only watch today's giants. They also watch smaller companies trying to participate in tomorrow's infrastructure.

$646.8M

H1 2026 REVENUE

$318.3M

Q2 2026 REVENUE

+50%

SEQUENTIAL GROSS-PROFIT GROWTH

Spectral Capital describes itself as a digital infrastructure company operating international telecommunications and messaging businesses, with a strategy focused on organic growth, acquisitions and technology-enabled platform expansion.

Q2 gross profit rose to $3.3M from $2.2M in Q1, while operating loss narrowed to $1.9M from $3.0M. Those figures do not put FCCN in the same maturity or risk category as Oracle or JPMorgan. They do give investors more operating data with which to evaluate the story.

THE QUESTION IS NOT WHETHER FCCN IS ALREADY THE NEXT TECHNOLOGY GIANT.

The question is whether increasing scale can translate into stronger economics and durable value. That is what The Investor Call will continue watching.

NOW IS THE TIME
TO PAY ATTENTION.

ORCL CLOUD | CRWV COMPUTE | BE POWER | JPM CAPITAL | FCCN EMERGING INFRASTRUCTURE

Research before the crowd. Understand before you invest.
Act when the opportunity makes sense.

The Investor Call provides market research and commentary for informational purposes only. Nothing in this publication constitutes personalized investment advice or a guarantee of future performance. Securities can lose value. Small-cap and OTC securities can involve substantial volatility, liquidity and company-specific risk.

Source: Spectral Capital Q2 2026 results, Aug. 12, 2026.

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