The Squishy Number Behind the Rise and Fall of Oracle’s Stock - WSJ

kept by eddie dec 18, 25

Oracle's stock surge was driven by a spike in remaining performance obligations, a squishy metric investors now doubt amid AI sector circular-deal concerns.

DSHR's Blog: Mind The GAAP Again
Hyperscalers and pure-play AI companies face a severe accounting mismatch between straight-line depreciation of GPUs and their rapidly declining value, potentially hiding hundreds of billions in future charges.
also on Oracle, #cloud-computing, #enterprise, OpenAI, #business-strategy, #ai
OpenAI has effectively abandoned first-party Stargate data centers in favor of more flexible deals — company now prefers to lease compute and says Stargate is an umbrella term
OpenAI has abandoned building first-party Stargate data centers in favor of leasing compute from third parties like Oracle and Microsoft.
also on Oracle, #cloud-computing, OpenAI, #business-strategy, #ai
SpaceX’s IPO Is the Final Frontier for Index Funds | The Intelligent Investor for June 2 - WSJ
Index providers are fast-tracking giant IPOs like SpaceX and Anthropic into major benchmarks, forcing index funds to buy heavily on day one instead of waiting for a seasoning period.
also on #investing, OpenAI
Alibaba, Tencent Investors Look Past Slow Growth to AI Potential
Alibaba posted its first operating loss since 2021 partly from AI spending, yet shares still rose 8% in Hong Kong as investors focused on AI growth potential.
also on #investing, #business-strategy, #ai