Becker Business Podcast: "NVIDIA & Oracle 9-24-25"

Host: Scott Becker
Date: September 24, 2025

Episode Overview

In this short yet informative episode, Scott Becker dives into the latest headlines about two of the tech industry’s most-watched giants: Nvidia and Oracle. The discussion covers Nvidia’s aggressive investment in OpenAI, the strategic implications of this move, and Oracle’s recent leadership change, alongside high-level commentary on stock performance and lingering questions about the sustainability of certain tech investment strategies.

Key Discussion Points & Insights

Nvidia’s $100 Billion Investment in OpenAI

• Major Story: Nvidia has committed $100 billion to invest in OpenAI, a move that garnered coverage in The Wall Street Journal.
  • “Nvidia is of course up 33% year to date. But the big story today is Nvidia investing $100 billion in OpenAI.” — Scott Becker [00:14]
• Strategic Context: Nvidia is leveraging its substantial balance sheet to support other leading technology companies, both accelerating industry growth and reinforcing its own supply chain.
  • “Some people see this as sort of circular. Nvidia helps them and then they have to buy from Nvidia and so forth and so on.” — Scott Becker [00:39]
• Debate Over Motives: Scott questions whether this pattern of investment is visionary or potentially problematic:
  • “We’ll find out over the long run whether it’s really great investing and doing something great for America like backstopping these companies, or whether it’s really a giant Ponzi scheme. I don’t know.” — Scott Becker [00:47]
• Key Individuals:
  • Sam Altman: CEO and co-founder of OpenAI, at the center of these developments
  • Jensen Huang: Founder and CEO of Nvidia, orchestrating these investments
• Other Nvidia Moves: Nvidia also invested $5 million in Intel to provide backing, reflecting a broader strategy to shore up the semiconductor ecosystem.
  • “Nvidia also recently invested $5 million in Intel which will help to backstop Intel.” — Scott Becker [01:14]

Oracle’s Changing Leadership

• Leadership Transition: Oracle recently announced the appointment of two new co-CEOs, Mike Cecilia and Clay Majoric, to succeed longtime CEO Safra Katz.
  • “Oracle... has just appointed two new co-CEOs to replace to succeed Safra Katz.” — Scott Becker [01:25]
• Safra Katz’s Legacy: Safra Katz is praised for her “incredible job” in steering Oracle’s growth in partnership with Larry Ellison.
  • “Safra of course did an incredible job of leading Oracle for a long time with Larry Ellison.” — Scott Becker [01:34]
• Outlook: Scott notes he is not yet familiar with the new co-CEOs but will “watch how that goes with Oracle.”
• Stock Performance Comparison:
  • Oracle’s stock is up nearly 84% year to date
  • Nvidia is up 33% year to date
  • “Oracle’s up nearly 84% year to date. Nvidia is up 33% year to date.” — Scott Becker [01:40]

Notable Quotes & Memorable Moments

• On Nvidia’s OpenAI Deal:
  • “We’ll find out over the long run whether it’s really great investing and doing something great for America... or whether it’s really a giant Ponzi scheme. I don’t know.” — Scott Becker [00:47]
• On Tech Industry Synergies:
  • “Nvidia helps them and then they have to buy from Nvidia and so forth and so on.” — Scott Becker [00:39]
• On Oracle Leadership:
  • “Safra of course did an incredible job of leading Oracle for a long time with Larry Ellison.” — Scott Becker [01:34]
• Market Performance Snapshot:
  • “Oracle’s up nearly 84% year to date. Nvidia is up 33% year to date.” — Scott Becker [01:40]

Timestamps for Key Segments

• 00:00: Introduction and setup for Nvidia & Oracle news
• 00:14: Nvidia’s year-to-date performance and $100B OpenAI investment
• 00:39: Debate: Industry symbiosis or circular dependence?
• 00:47: “Ponzi scheme” question & industry sustainability
• 01:14: Nvidia’s $5M investment in Intel
• 01:25: Oracle appoints two new co-CEOs; discussion of Safra Katz’s legacy
• 01:40: Oracle and Nvidia stock performance year-to-date

Summary Takeaways

• Nvidia is making bold, headline-grabbing investments—both in OpenAI and Intel—that could reshape industry dynamics or raise sustainability questions.
• Oracle is entering a new era as it shifts to co-CEO leadership, leaving big shoes to fill after Safra Katz’s tenure.
• Both companies are performing strongly in the market, signaling robust investor confidence amid industry shifts.

Scott closes the episode with his trademark encouragement to keep learning and stay tuned for the next business update.