Sky-high expenses scare stock prices? Oracle's conference call urgently puts out the fire: "Customers bring their own chips" will save cash flow, "We are not going crazy with debt"
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Despite Oracle holding over $500 billion in backlog orders, Wall Street was spooked by a $15 billion additional spending plan. The company launched an "unprecedented" new model: instead of having cloud vendors fully purchase hardware, customers (like OpenAI) are now bringing their own chips to the table. Company executives are eager to prove that "we don't need to go into debt as crazily as you might think."
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