Even if AI models plateau today, we're still years away from having enough compute to satisfy demand. Here's who wins no matter what:
$ORCL just posted a monster quarter. Remaining performance obligations hit $664B—up $209B year-over-year—after signing over $30B in new AI cloud contracts in one quarter. Cloud infrastructure revenue surged 121%. They added 850 megawatts of capacity and shipped 300,000+ GPUs last quarter. The kicker: GPUs coming off lease are renewing or reselling at a 20% premium, with utilization at 97.9%. Oracle is printing money in the AI infrastructure build-out, and the backlog says this isn't slowing down.
$ORCL just posted a monster quarter. Remaining performance obligations hit $664B—up $209B year-over-year—after signing over $30B in new AI cloud contracts in one quarter. Cloud infrastructure revenue surged 121%. They added 850 megawatts of capacity and shipped 300,000+ GPUs last quarter. The kicker: GPUs coming off lease are renewing or reselling at a 20% premium, with utilization at 97.9%. Oracle is printing money in the AI infrastructure build-out, and the backlog says this isn't slowing down.
