Oracle: $30 Billion in New AI Contracts - Demand Exceeds Supply
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OCI grows by 121% to $7.4 billion, the GPU fleet is 97.9% utilized, and Oracle closed more than $30 billion in new AI contracts during the quarter. Even GPUs that are at least four years old were leased or sold again after contract expiration – on average at prices 20% higher. The crucial strategic shift: Customer prepayments, customer-owned hardware, and supplier financing are intended to enable AI growth without Oracle having to finance every additional dollar of infrastructure itself. Oracle (i) provides one of the strongest...
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