-$7,536.27 -1.13% S&P +.45%
Wasn't planning on any ENPH or SEDG for my mother unless there was another sell off.
I'll buy her any stock I think can return 10% or more over the next year.
ENPH from $97.50 to 107.25, SEDG $73.76 to $81.14 will do it.
She is down to $3279 cash.
12/12/2023 09:43:01 Bought 2 ENPH @ 98.01 -196.02
12/12/2023 10:00:34 Bought 2 ENPH @ 97.51 -195.02
12/12/2023 10:37:40 Bought 2 ENPH @ 96.99 -193.98
12/12/2023 10:25:41 Bought 2 SEDG @ 74.01 -148.02
12/12/2023 10:34:07 Bought 2 SEDG @ 73.51 -147.02
12/12/2023 11:13:06 Bought 1 ORCL @ 102.21 -102.21
12/12/2023 11:15:22 Bought 1 ORCL @ 102.01 -102.01
12/12/2023 11:17:29 Bought 1 ORCL @ 101.83 -101.83
12/12/2023 13:12:07 Bought 2 ORCL @ 101.51 -203.02
12/12/2023 12:32:29 Bought 41 SURG @ 5.38 -220.58
12/12/2023 15:40:04 Bought 1 BIO @ 296.01 -296.01
ORCL seems overdone with a view out a year or two. Call snips:
We had another great quarter. When you look at the top of our financial results table, a few things are very clear. The largest number, Cloud Services and License Support is now 74% of the revenue, and its recurring revenue and it's the one growing by $1 billion this quarter.
In the next few months, we will turn on 20 new Oracle Cloud data centers co-located with and connected to Microsoft Azure as a part of our joint multi-cloud initiative. These 20 new multi-cloud data centers will house over 2,000 full racks of Exadata database machines designed to meet pent-up demand for the Oracle Cloud database.
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Larry, it's taken Oracle several years to reach 66 cloud data centers, and you're now talking about plans to build 100 new ones, which frankly seems very ambitious.
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Well, again, in the next few weeks, I mentioned we're going to sign 2 additional contracts right around $1 billion each. I mean, the backlog is growing astronomically.
So again, the demand is extraordinary. We can build the data centers relatively fast, and I expect the OCI growth rate to be over 50% for a few years.
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Microsoft, we are building data centers for Microsoft inside Azure. And Microsoft, it wasn't us that decided 2,000 was the right number of Exadata machines to install in those 20 data centers. That was Microsoft. The demand is enormous.
Also, really the -- it is absolutely true. We did not bring up as much capacity as we could have used this past quarter because we had to make some audible calls on the field to decide how to allocate whether to build something small, which was available, which I could have recognized revenue in right in the quarter, or instead to go much bigger and to wait until some larger capacity was going to be available to hand over to me.
So as I think I've hinted and we're talking about demand, had we had capacity this quarter in the hundreds of millions of dollars more that was just sitting there waiting to take it, and we have made some deployment choices because we need more and we need it bigger. Instead of taking small pieces or smaller pieces, we decided to focus on the bigger parts and tried to also treat our customers fairly and work with them to meet their needs.
Let me give you 1 example of that, what Safra is describing is we got enough NVIDIA GPUs for Elon Musk's company, xAI, to bring up the first version, the first available version of their large language model called Grok. They got that up and running. But boy, did they want a lot more. Boy, did they want a lot more GPUs than we gave them. We gave them quite a few but they wanted more, and we are in the process of getting them more. |
