Oracle reports Q1 revenue up 7% YoY to $13.31B, vs. $13.23B est., cloud infrastructure revenue up 45% YoY to $2.2B, and $2.93B in net income; ORCL jumps 10%+
the entry price for a real frontier model from someone who wants to compete in that area is about $100 billion. Let me repeat, around $100 billion. That's over the next 4, [image] @radnorcapital : Larry Ellison $ORCL made several bullish comments on AI - the quote below reads particularly well for Nvidia $NVDA and the downstream AI ecosystem: “So that goes on, and we'll see more and more applications look at that. So I wouldn't — if your horizon is over the next 5 years, Ari Levy / @levynews : Oracle is trading at close to $153 after hours. Its record close was $145.03 in July. https://www.cnbc.com/...
$ORCL's Larry Ellison on AI market growth: “..I mean these AI models, these frontier models are going to — the entry price for a real frontier model from someone who wants to compete in that area is about $100 billion. Let me repeat, around $100 billion. That's over the next 4, […
Larry Ellison $ORCL made several bullish comments on AI - the quote below reads particularly well for Nvidia $NVDA and the downstream AI ecosystem: “So that goes on, and we'll see more and more applications look at that. So I wouldn't — if your horizon is over the next 5 years,