Oracle(US:ORCL) 美股IPO·2025-09-11 02:26Core Viewpoint - Oracle is transforming from a traditional database company to a key player in the AI infrastructure wave, with a bold prediction of doubling its revenue in the next three years, driven by explosive growth in remaining performance obligations (RPO) and AI demand [3][6]. Group 1: Financial Performance and Predictions - Oracle's RPO grew over twofold in three months, reaching $455 billion, with expectations to surpass $500 billion soon due to ongoing negotiations for additional contracts [3]. - The company forecasts its cloud infrastructure revenue to reach $114 billion by fiscal year 2029, up from just over $10 billion as of May this year [3]. - Following these announcements, Oracle's stock surged 35% in one day, nearly doubling in value for the year, with a market capitalization approaching $950 billion [3]. Group 2: Challenges and Competitors - The ability to convert RPO into actual revenue is contingent upon Oracle's capacity to build the necessary infrastructure, including power, licenses, and critical equipment like NVIDIA GPUs [8]. - Despite the challenges, Oracle is noted for its strong technical expertise, financial resources, and support from NVIDIA, positioning it well to capitalize on the growing demand for AI training and inference [9]. - Analysts highlight that Oracle's growth is closely tied to the AI inference segment, which is expected to provide a more stable revenue source as AI shifts focus from training to deployment [10]. Group 3: Leadership and Market Position - Oracle's optimistic outlook reflects the confidence of AI leaders in the sustainability of the current tech wave, driven by the leadership of Chairman Larry Ellison [6]. - Unlike competitors such as Microsoft, Google, and Amazon, which do not separately report AI-related revenues, Oracle's unique position allows it to make bold predictions based on its substantial order backlog [5][7].