In 24 hours, three things happened, not in order. (1). Oracle chairman Larry Ellison overtook Elon Musk and became the world’s richest person. (2) Oracle reported future bookings of $455 billion, more than quadruple the 2024 number. (3) The shares of the company entered a special zone, rocketing at least 40%. Yet, some people are still postulating that AI is all hype.
Good People, AI is not a hype. This is a generation-shaping opportunity. Recall how some “smart” people told you that bitcoin was a scam only for their banks to be injecting $billions into bitcoin today, they will convince you to be frozen as AI fledgling opportunities go.
If you are NOT into AI, you are missing something, and I have already written extensively how to play: create AI products or companies, use AI or invest in AI companies. Sure, you can combine those.
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Oracle (ORCL) stock jumped over 40% Wednesday after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year.
That marks a massive leap from the company’s projection of less than $20 billion for the business in its current fiscal year.
“We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years,” CEO Safra Catz said in a statement on Tuesday.
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