2024-09-10
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,
Wall Street Journal
Oracle shares are up 50%+ YTD, well outpacing the Nasdaq's 14% rise, as the 47-year-old company becomes an attractive cloud-computing provider for AI developers
Long-stagnant stock is up 34% thanks to its neutral status in the booming market for AI computing power
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,
CNBC
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] ...
2024-08-04
I think its too early to call for slowing AI infrastructure spend when those who are spending are signaling the opposite. Companies don't make long term capital investments expecting near term returns (although $META clearly seeing benefits to their ad business). Eventually
Financial Times
Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes
Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence
2024-07-24
Spotify $SPOT reported this morning, and the stock is up ~12%. This has been and continues to be a core holding. Key metrics like premium subs, gross margin, and free cash flow all ahead of expectations. First of all, Daniel Ek @eldsjal runs an impressive conference call. He
The Verge