I’ve watched plenty of companies chase a hot trend and spend their way into trouble.
The story usually looks thrilling on the way up and painful on the way down
Oracle is the latest name testing that thesis. The software giant is pouring tens of billions of dollars into data centers to grab a slice of the artificial intelligence (AI) boom. The growth is real.
So is the bill. And Oracle’s most recent quarterly report shows just how big that bill has become. Oracle’s cloud pivot is expensive For decades, Oracle (ORCL) operated an asset-light business.