"With the first full trading week of 2026 now in the books, investors might be wondering if the strong early start in the S&P will precede even more strength. Undoubtedly, a lack of a Santa Claus rally has seemingly paved the way for a rather hot start to 2026, with some memory chip stocks really picking up momentum while certain semiconductor equipment makers made up for lost time."
"The RPO (remaining performance obligation) numbers were truly off the charts, and they've continued to be hot. All that's changed since the September spike is how investors have interpreted the Oracle growth story. Right now, they don't seem to appreciate it all that much, given the debt load and uncertainties about whether OpenAI will be good for the money when it comes time to pay those data center bills."
The S&P opened 2026 strongly, driven by momentum in memory chip stocks and semiconductor equipment makers that recovered lost ground. A strong first week does not determine the full-year outcome, but it prompts reassessment of major names that have trailed the market and their ability to regain traction. Several AI-related stocks offer relatively attractive growth value and merit monitoring through 2026 and into 2027 as competition toward AGI advances. Oracle shares fell more than 40% since September despite exceptionally strong remaining performance obligation (RPO) figures, and investor concerns focus on debt levels and data-center cost recovery related to OpenAI partnerships.
Read at 24/7 Wall St.
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