Oracle's AI buildout looks fundable as spending peaks and cash flow turns positive. Spending is forecast to peak in FY27-28, with free cash flow positive in 2H FY28 and above $30bn in FY29, a roughly $54bn swing. New capital raising is capped at $20bn through 2030, half equity and half debt. Revenue is projected to grow from $90bn next year to $225bn+ by FY30. Bullish Oracle. x.com 

Oracle's OCI revenue of $7.4B came in at a very good level, up from $5.8B last quarter, and 850 MW of new data-center capacity could represent $8.5B-$12.8B of annual revenue at $10-15M per MW. Q1 total cloud revenue grew 62%, and Q2 guidance of 65-71% growth is bullish. Sentiment was poor going in, with the bond market pricing roughly a 1-in-6 chance of bankruptcy within five years, and rates, oil and CPI remain macro risks. x.com 

Oracle looks set to burn many more billions in cash at least into the first half of fiscal 2028. That is the less reassuring implication of Reuters' headline that Oracle expects cash flow to turn positive in the second half of that fiscal year, even though the market liked the news. x.com 

Oracle's plan to fund its AI buildout from cash flow makes last week's financing fears look completely overdone. It expects capex to peak in FY27-28, free cash flow to turn positive in H2 FY28 and top $30B in FY29, funding growth from then. Oracle plans at most $20B in further capital raises through FY30, excluding refinancing, after an already completed $20B equity raise. Vendor financing, customer prepayments and customer-supplied hardware should reduce upfront cash needs. x.com  x.com 

Oracle's forecast of a FY29 capex step-down and a limit on additional capital raises supports a return to all-time highs soon. Oracle says it will limit those raises to $20 billion through FY30 and reaffirmed its FY27 outlook of over $90 billion in revenue and $8.10 non-GAAP EPS. The stock remains very overcrowded. x.com  x.com 

Oracle would be among the most exposed companies if AI infrastructure spending proves excessive, because it is committing enormous capital before the returns arrive. It burned more cash than any other S&P 500 company, with trailing free cash flow of -$28.7B and a -40% margin, as it plans $90-$95B of capex this year, partly debt-financed. The business is growing fast: quarterly revenue rose 30% to $19.3B and backlog reached $664B, up $209B in a year. x.com 

Oracle's free-cash-flow forecast suggests today's capital intensity may have an expiration date. Oracle now expects free cash flow to turn positive in the second half of FY28 and reach at least $30 billion in FY29, a possible easing of the financing risk in its AI-compute buildout. x.com  x.com 

Oracle's Q1 results show AI cloud demand remains extremely strong, per a quoted earnings summary. Revenue of $19.3B and adjusted EPS of $1.92 beat estimates, more than $30B of new AI cloud contracts lifted remaining performance obligations to $664B, and Oracle delivered 850MW of new data-center capacity. It guided Q2 revenue growth to 30-34% and cloud growth to 65-71%, and said there is no incremental impact on its capital-raising plans. x.com 

Oracle's big rally on its RPO jump was fake, and the only data since show OpenAI writing checks its business can't cash. The pop came on an earnings miss and took 57 days to undo; the stock then fell another 46% and has dropped after every report since. Within two weeks, a force majeure dismissed as a nothing burger gave way to word that its cash-incinerating key customer has $20B less revenue than due diligence assumed. Shorting in size is still hard. x.com  x.com  x.com 

Oracle looks bullish as long as it holds 121.24, where a falling wedge is finding support. FY26 revenue hit a record $67.4B and backlog $638B, up 363%, yet the stock hit 14-month lows on the OpenAI IPO delay and capex fears, and S&P cut its rating to BBB- on AI concentration risk. Holding 121.24 should break the wedge toward 149.50, 163.50 and 175.00. Guggenheim reiterated a $400 target, calling the selloff overdone. x.com  x.com