too bad stonk is down 23% this year. i think they are doing it wrong
replyI never thought I would see the day, but my stodgy, lumbering company just banned new Oracle databases. Everyone hates Oracle, and only does business out of necessity. I think more and more companies are trying to extricate themselves from Oracle legal, so Oracle needs a new way to leech onto corporations for the coming decades. AI is the best play in sight.
reply"The North Korea of the computer industry" indeed
replyDid you guys go out to celebrate? It's not too late for Ding Dong, the Bitch is Dead.
replyIf you're Oracle it's not necessary a bad thing if you build an antiquated data center. Isn't much of their customer base legacy customers they are rent-seeking from in perpetuity? Those people are never going to be doing cutting edge AI. They will do what they have always done: adopt new technologies right at the nadir of the Trough of Disillusionment.
It’s a huge gamble but they have no choice but to take it. Most their software will be rendered obsolete by AI (I’ve vibecoded replacements saving millions already, companies everywhere are doing this right now).
replySo they have to hope they’re a part of the future in the AI capacity because their SaaS business is going to take a big hit.
YTD performance didn’t fully bake this reality in. It was seen as them having 2 huge revenue streams, the market is realizing that AI is a threat to SaaS and baking that into stonks
The actions of oracle lately seem extremely misaligned to maximize stonks - it's extremely political, more than is necessary to merely keep in the good graces of the current administration.
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