I’ll say it again. Oracle didn’t need to do this. I don’t know why it did this. It had a great business. It didn’t have to buy Cerner. And it did not have to do this. Now it is too late.

“As of Nov. 30, Oracle reported $523 billion of remaining performance obligations, which represent contracted sales not yet recognized as revenue. The figure, which is a closely watched footnote disclosure, was about nine times Oracle’s revenue for the previous four quarters, and included the $300 billion related to OpenAI.

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Amid concerns about its debt levels and OpenAI’s reliability, Oracle has faced calls to raise equity to support its investment-grade rating. The company appears to be responding.”

wsj.com/tech/ai/what-or…