Clode: Oracle delivered a drop the mic number

Core Insights - The significant growth in database revenue, reported at 1500%, is primarily driven by major players like Amazon, Alphabet, and Microsoft, although concerns about low margins and profitability persist [1] - The excitement surrounding the cloud infrastructure business is reminiscent of Nvidia's guidance in May 2023, indicating potential for substantial revenue growth through the decade, despite questions about margins and free cash flow [2] - The reported RPO (Remaining Performance Obligations) growth of 455% and the addition of over $300 billion in contracts within three months highlight a strong pipeline of business, which may mitigate concerns about margins for investors [3][4] Company and Industry Analysis - The demand for AI capabilities is driving new customer acquisitions, with companies like OpenAI and Oracle benefiting from changing commercial terms, indicating a shift in market dynamics and increased capex spending [5] - The infrastructure for new technology is being built out, allowing companies like Nvidia to monetize their investments through cloud platforms, with Microsoft Azure and Amazon Web Services showing acceleration in this area [6] - The cloud market is becoming more competitive, with a broader distribution of market share among players, creating additional investment opportunities beyond the dominant two players [7]