And Apple makes its AI bet
Good breakdown. What gets me is the price: down 54% from the high, 13.7x forward earnings, 0.91 PEG — for 30% accelerating growth. The market's still pricing Oracle like AI demand is unproven. After this quarter, not sure what's left to prove.
After missing the cloud/hyperscaler rush, Ellison sure wasn't going to miss the AI one.
Good breakdown. What gets me is the price: down 54% from the high, 13.7x forward earnings, 0.91 PEG — for 30% accelerating growth. The market's still pricing Oracle like AI demand is unproven. After this quarter, not sure what's left to prove.
After missing the cloud/hyperscaler rush, Ellison sure wasn't going to miss the AI one.