🚨 $ORCL just fired back after GPU-margin panic.
@FoxBusiness calls reports of thin profits on $NVDA chip rentals “off base.” The earlier leaks suggested just 14% gross margins on $900M in AI infra revenue.
Stock has rebounded slightly, now -2.4% after taking a dive earlier.
🚨 $ORCL just fired back after GPU-margin panic.
@FoxBusiness calls reports of thin profits on $NVDA chip rentals “off base.” The earlier leaks suggested just 14% gross margins on $900M in AI infra revenue.
Stock has rebounded slightly, now -2.4% after taking a dive earlier.
Nvidia $NVDA CEO Jensen Huang brushed off reporting around Oracle $ORCL unprofitability with Blackwell GPUs.
Says they will be 'wonderfully profitable' over the life of the system.
Nvidia $NVDA CEO Jensen Huang brushed off reporting around Oracle $ORCL unprofitability with Blackwell GPUs.
Says they will be 'wonderfully profitable' over the life of the system. https://t.co/AZ1t1mrfri
🚨 BREAKING:
According to Fox Business, citing sources familiar with the situation, the recent Information report on $ORCL is “off base and does not reflect the actual financials of that business.”
🚨 BREAKING:
According to Fox Business, citing sources familiar with the situation, the recent Information report on $ORCL is “off base and does not reflect the actual financials of that business.”
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