Core Insights - Oracle has announced the resignation of two long-serving directors, George Conrades and Naomi Seligman, with no disputes cited as reasons for their departure [2] - The company has undergone a management change, replacing CEO Safra Catz with Clay Magouyrk and Mike Sicilia, who are focusing on expanding data centers for AI applications [3] - Oracle's stock experienced significant volatility, initially surging due to a 359% increase in remaining performance obligations, but later declining as investor confidence waned regarding the company's debt repayment capabilities and AI execution [4] Group 1 - George Conrades, 86, has served on Oracle's board for 18 years, while Naomi Seligman, 87, joined in 2005 [2] - The current board of Oracle now consists of 12 directors following these resignations [2] - Larry Ellison, Oracle's co-founder and CTO, remains on the board and continues to serve as executive chairman [5] Group 2 - The new management team is rapidly working to open data centers equipped with Nvidia GPUs to support generative AI models for clients like OpenAI and xAI [3] - The initial surge in Oracle's stock was attributed to expectations of accelerated revenue growth following the significant increase in remaining performance obligations [4] - The stock's decline in the fourth quarter reflects Wall Street's skepticism about Oracle's ability to manage debt while successfully delivering on AI initiatives [4]