I bought Oracle before the earnings report and got buried. Standing at attention after taking the hit, but I still gotta grumble a bit: Oracle's Remaining Performance Obligations (RPO) hit a record $638 billion, with a significant portion coming from large AI contracts. Among these AI contracts, the prepaid (prepaid) or customer-supplied hardware (customer-supplied GPUs/hardware) portion has already accumulated to $75 billion. The market is only focusing on Oracle borrowing to build, completely ignoring the fact that a consistent portion of customer payment terms are very favorable. Prepayments generally mean the second payment tied to progress comes pretty quickly too. But the market seems to interpret it as Oracle struggling alone, taking on debt to build AI cloud infrastructure, and only getting paid after it's built and customers start using it.