Oracle(US:ORCL) Zhi Tong Cai Jing·2025-09-15 12:57Core Insights - The article emphasizes that artificial intelligence (AI) is fundamentally reshaping Oracle and the entire computer industry, with significant implications for growth and investment opportunities [1] Financial Performance Highlights - Oracle's stock surged 36% following the release of its Q1 FY2026 earnings report, indicating strong market interest despite subsequent adjustments [1] - The company’s cloud infrastructure (OCI) revenue is projected to grow from $10.2 billion in FY2025 to $32 billion in FY2026, and is expected to exceed $144 billion by FY2030, reflecting a compound annual growth rate of nearly 70% [2] - Oracle has signed four multi-billion dollar contracts with three clients, including OpenAI, indicating a strong demand for its services [3] - The remaining performance obligations (RPO) surged 359% year-over-year to $455 billion, significantly exceeding market expectations, with projections to surpass $500 billion in the coming months [4] Competitive Advantages - Oracle's growth is attributed to three core competitive strengths: - The company recognizes that the AI sector is undergoing a fundamental transformation, with inference applications expected to become the next growth engine, surpassing model training opportunities [5] - Oracle's OCI has developed unique advantages through modular design and rapid data center deployment capabilities, allowing it to respond quickly to customer needs amid AI compute shortages [6] - The company holds a significant amount of core data globally, providing it with a "data entry" advantage in enterprise AI deployment [7] Industry Implications - The earnings report reveals broader trends in the AI industry, with three key insights for investors: - AI transformation is in its early stages, with future growth expected from the scaling of inference applications, enterprise and sovereign AI adoption, and breakthroughs in intelligent agent AI [8] - There remains a significant supply gap in computing power, with Oracle planning to invest $35 billion in capital expenditures for FY2026, indicating strong demand and potential growth in related sectors [9] - Investors are advised to adopt a "full-stack" approach, covering three layers: enabling infrastructure (compute, network, storage), intelligent services (large models, core data, cloud providers), and application-level AI services [10]