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Wedgewood Partners Q3 2025 Client Letter
Seeking Alpha· 2025-10-15 09:56
PeopleImages/iStock via Getty Images If You Build It, Will They Come? "Oracle’s stock jumped by 25% after being promised $60 billion a year from OpenAI, an amount of money OpenAI doesn’t earn yet, to provide cloud computing facilities that Oracle hasn’t built yet, and which will require 4.5 GW of power (the equivalent of 2.25 Hoover Dams or four nuclear plants), as well as increased borrowing by Oracle whose debt to equity ratio is already 500% compared to 50% for Amazon, 30% for Microsoft and even less ...