Oracle's AI Infrastructure Bet Gains Support
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Oracle is receiving support from Wedbush amid discussions on its AI investments. Wedbush believes Oracle is positioning itself well for the AI cycle's next phase, emphasizing the importance of infrastructure and data access. They argue that Oracle's capital spending is justified by visible demand and customer commitments, with a capex-to-remaining performance obligation ratio of 9%, significantly lower than the peer average of 33.6%. This suggests Oracle is focusing on a solid backlog rather than uncertain demand, indicating potential for growth in AI infrastructure and cloud revenue.
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