Oracle defends infrastructure spending spree amid mounting AI demand
The company raised its fiscal year capital investments forecast by $15 billion as its cloud backlog surpassed $500 billion.
The company defended the $15 billion increase with assurances that the investments were tied to committed customer spend. “The vast majority of our capex investments are for revenue-generating equipment that is going into our data centers,” Principal Financial Officer Doug Kehring said. “We are confident that our customer backlog is at a healthy level and that we have the operational and financial strength to execute successfully.”
https://www.channeldive.com/news/oracle-capex-spike-cloud-ai-data-center/807716/