ORACLE IS THE NEW NVIDIA, FOR BETTER OR WORSE

Summary from the TLDR newsletter

Oracle recently revealed in its fiscal first-quarter report that remaining performance obligations more than tripled from three months ago to $455 billion. The company has even more multibillion-dollar deals in the pipeline that could take that number past half a trillion. The sharp rise in revenue was fueled by demand for artificial-intelligence computing. Oracle now expects its cloud infrastructure revenue to hit $114 billion in the 2029 fiscal year.