Oracle and the AI Boom

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 13 June 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the software giant still a growth company? (00:21) Tim Beyers and Ricky Mulvey break down results from Oracle and why Microsoft is focusing on start-ups for the next leg of its AI strategy. Plus, (18:10) Mary Long and Motley Fool analyst Anthony Schiavone look at Hershey’s near-term headwinds and long-term opportunity for investors. Companies discussed: ORCL, MSFT, DOCN, HSY Article discussed: https://www.wsj.com/tech/ai/microsoft-nadella-openai-inflection-9727e77a?mod=hp_lead_pos7 Host: Ricky Mulvey Guests: Tim Beyers, Mary Long, Anthony Schiavone Engineers: Tim Sparks, Austin Morgan Public.com disclosure: A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's the cloud behind the cloud, kind of. You're listening to Motley Full Money. I'm Ricky Mulvey joined today by Tim Byers. Tim we were talking earlier and I have to say
0:26.1	you sound a lot less caffeinated when I'm talking to you on Zoom versus what I'm
0:30.1	listening to you at 1.5 speed on Motley Full Live, but I appreciate you being here.
0:34.5	Thanks, thanks for being here.
0:35.9	Thanks, Ricky, good to be here.
0:38.0	I still have caffeine.
0:39.1	I'm ready to go.
0:40.2	Okay, let's go.
0:41.8	Let's go.
0:42.4	Let's start with Oracle because the software giant reported earlier this week
0:46.7	Investors liked the results stocks up about 13% on it. That's pretty good for a something like a 300 billion dollar company.
0:55.9	I'm going to give some of the highlights and then see what stood out to you. So there seems to be
1:00.1	a lot of new business coming Oracle's way with the remaining performance
1:04.0	obligation which is how much money is left in those contracts up 44% to almost
1:09.3	a hundred billion they got 30 new AI contracts for over 12 billion signed just this quarter.
1:15.6	We also have Larry Ellison touting deals with NVIDIA, Microsoft, Google X-A-I who are all using
1:22.1	Oracle Cloud Services and data centers.
1:25.0	Anything from this quarter from Oracle really stand out to you.
1:28.0	Well, I mean, it's a good quarter overall.
1:31.0	Let's give credit where credit is due here. Like the Cloud Services quarter overall
1:33.0	overall.
1:34.0	The cloud services and licensed business
	...

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