Introduces Gene Munster and asks about Oracle's 10% drop and what it reveals about market thinking on the AI trade.
Host
Gene Munster
Oracle had in-line results and solid guidance with backlog increasing significantly, yet stock is down 10%. This speaks to a 'funk' in the AI trade where investors are exhausted from good news and shrugging off incremental positive data points.
Asks how to value Oracle given its big growth ramp and surface-level expense concerns.
Host
Gene Munster
Neutral on Oracle, seeing it as a potential 'value trap' due to high expectations. If they don't achieve the backlog ramp, multiple compression will occur.