Oracle shares slide on $15B increase in data center spending

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PermanentDonut

Smack-Fu Master, in training
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Really the only interesting thing about all this is where all this money suddenly appeared from to build data centers. Companies, and their directors, refuse to pay their fair share but suddenly there's basically a trillion dollars the last 3 years to be sunk in AI and their data centers. All this capital was just sitting on their balance sheets? No, it was being used for stock buybacks and dividends for the next yacht. I don't feel bad for Oracle or any other company. Just means these billionaires will have to get a new yacht every 6 years instead of 5.
 
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