@qy source please?
I just read that anthropic retracting the IPO was just a rumor, and that the current IPO plan is still in place.
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Anthropic is not going to IPO anymore in this cycle, but differently from OpenAI that will go bankrupt, Anthropic will still manage to IPO in a few years at 100-200bn$ (if stops burning cash), otherwise 50-100bn$.
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Dems promise to regulate AI, so Larry, another bad decision from you, which is the trend nowadays. Someone give him his pink slip.
@dy $127 now
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It is such a joy to watch this company burn. It's exactly what they deserve. The market is responding not only to the harsh financial realities and decision that have put them is the situation but tangentially what they have done to so many - including employees and customers. Harsh when the market does not care - Well deserved.
if you are not looking for jobs outside not sending out CVs, specially outside of IT sector then you are also in risk.
Once it becomes fallen angel and all institutions start selling Oracle it will be down down and out
This POS is going to $80/share and below
@b3 not just OpenAI. Oracle will take anyone on - expect to see deeper ties with Anthropic, Microsoft, Amazon, etc
The market no longer believes Oracle can pull off the AI buildout, so today's news of issuing new shares and taking on even more debt is viewed as overly risky.
Just look at Oracle's cost of debt and insurance (credit defaults). Tells you all you need to know!
Expect bad new about Oracle to become much more frequent.
going to bounce between $120 and $150 until fy28 when the RPO contracts come in
@aa
Do you mean payments from OpenAI, using all that spare cash they have from being so super-profitable?
123 is still very high for Oracle
Love it.
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If you print $10 billion in shares and $10 billion in senior notes, the market will discount the change.
JFC it seems the bottom is dropping out! The only reason any finance ppl are supporting ORCL are to bounce the stock so they can bounce out of this tu-d.
Well, down to 121 now....
@aa 147 because investors are mo--ns. Then smart people sold out
Relax. It was $147 last week.
Feels like the stock is going to bounce between $120 and $150 until fy28 when the RPO contracts come in
everything else in tech dead-cat bounces but ORCL? more punishment
Burn - burn - Burn. Looks like we're going lower!!! Next stop formal filing for protection under bankruptcy laws. So well deserved.