Oracle Earnings 'Drop the Mic' Moment, Says Dan Ives

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Oracle 실적은 AI 수요를 검증하는 'drop the mic' 순간이며 역사적 분기가 될 것이라 주장. AI 사용사례와 CapEx 폭증이 확인된다고 봄. Apple은 아이폰 업그레이드 사이클을 8.5/10 수준으로 보며 실적 컨센서스는 보수적이라 주장, 다만 AI 혁신 부족과 외부 인재 영입의 한계를 지적. Oracle의 백로그 회계 정상화 가능성에 대해서는 향후 분기 성장 지속이 필요하다고 언급.

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01. That's going to be a historic quarter when you look at the work and it shows the type of CapEx we're seeing in the use cases are exploding. We've talked about so much here in the change my life. I mean, as simple as that. Look, and the reality is anyone that thinks hype not real, right? That Oracle number is a validation.

02. That's a drop the mike from Safra and Alison. That shows to me, okay, what's going to happen the rest attacking the A Brahmin. Did we have a drop the mike moment with Mr. Cook yesterday I tuned in for 12 seconds. It's so manipulated I can't watch it. You and Ed Ludlow saw it. Were you thumbs up like Gene Munster?

03. Look, it's a thumbs up relative to, I think, expectations. Our view here is that the alpha in the room continues to be as we talk about I but I do believe with the DOJ Google situation now, you know, in the rearview mirror they will double down and that's going to be ultimately they're a partnership.

04. But in terms of the actual iPhone, look, three and 300 million plus having upgraded four plus years. The point is this is going to be John Tucker, including Tucker. So if you think about on a scale of 1 to 10 from an upgrade cycle supercycle being a ten, it's probably going to be about an 8.5. But what I tell you is the street right now, numbers are conservative.

05. New York City cab driver or Uber is still bearish on Apple. And I think that to me sets it up well as well as you add air. And they actually make a big move there. You to me another you know, $100 per share to the stock. What does Apple have to do when it comes to I so I look at matter for instance and they pay a lot of money they're hiring a lot of big name people.

06. And I think if you look at the history of Apple, they've had a bad luck with bringing in outside talent, particularly at the executive level, to mix things up and to change things around. Are they able to do that? What do they have to do to kind of re-establish themselves here at the vanguard of of A.I.?

07. There's a better chance of me playing in Bethpage Ryder Cup in September. Then, then, then innovation happening from Apple. And I think that's the issue that they got to go outside. It has to be figure out a way to make that work denies with Wedbush with this this morning David GREENE, time King Good morning.

08. Across the nation and the way you listen to us on radio. Good morning 99 FM in Boston and You Tube in your home at your office, floored by the sign up. Thank you so much. Bloomberg Podcasts. Go out to YouTube and subscribe at Bloomberg Podcasts. Thank you for your attention to our new drives like digital.

09. Maybe I should start wearing bright pink. What do you think, David? I could see that. Why don't you continue to be Mr. Ives? I talked about the pink bullseye for you. I know, I know. The hoodie beneath the jacket would be a good look for you. I think even when I saw Dan Ives clothing, we could add potentially a bow tie and it would be called a machine.

10. Everything is like two x, you know, it's like four little people. Would you? What's the name of the company? It's snow milk. Michael Snow milk. They got to make like adult sizes, like we have x x x type. I think we go down the row with a keen boots. I have been I'm actually average like that. We're going to go David, jump in and can I go back to Oracle?

11. I diverted over to Apple. I'd love to go back to Oracle. What should we make of how quickly they were able to make this this pivot? What does it say about sort of the future direction of of Oracle moving into cloud computing as rapidly as it didn't as successfully as it did? Certainly, when you look at the numbers, guess who's watching closely?

12. See what they did? It's Benioff, it's Adobe, it's software, where right now they're not the cool kids here. I mean, what Oracle has been able to do because of this stack, Right. It's it's been transformational. And I think that more is where we're seeing as everyone want that that 2 to 3 trillion of CapEx.

13. Right. Everyone wants it Doug Kass emails in he's beside himself about the Yankees defense. They're averaging like three years a game. I mean it's said Aaron Judge should be at first base. Dan Ives Doug Kass has a question for you. The backlog dynamics versus the accounting understatements, is this an accounting issue to come not only for Oracle but for other MAG seven and that there's so much future business that needs to adjust in the accounting statement?

14. Is that a risk? And I hope Doug's doing well. Well, it's a good question. I think there's definitely some normalization that's going to have to happen there over the coming quarters. So you got to normalize it, you know, from a backlog perspective. In terms of RR, look, I think the reality is, is that over the coming quarters, that's where I go for work.

15. Or if you got you're the amount of stock that could go to 350, 400. You got to continue to show this because as the normalization starts to happen, the comps ultimately start to take place. You need to continue to see that growth.