Oracle’s master plan appears to be to go deep into debt to build data centers for one famously stable customer, betting the company that OpenAI will single-handedly generate most of their revenue by 2027.
With negative cash flow for years and debt soaring, it’s a perfectly cromulent strategy that in no way resembles putting all your eggs in one highly speculative, burning basket. A surefire winner! 😆
https://www.ft.com/content/064bbca0-1cb2-45ab-85f4-25fdfc318d89