00:00 Miles
Overall tech trade, what you're looking at. Well, what you have from that report, a company of that size, comes out and essentially rewrites one of its business lines, and this kind of market capitalization movement puts it in a completely different stratosphere in terms of what its peer group is.
00:23 Melissa
Thank you, Miles. It's great to be here on this rainy morning here in New York City. Well, Oracle blew all the expectations out. In particular, the cloud infrastructure business has been looking for nearly $90 billion for several years. The company outweighs that by more than 50%. So, as you know, when we see such a outlook and the visibility given by the company's management, it was very provided
01:05 Melissa
It clarifies the evaluation and the gaze from the type of perspective we can start to expect. And that growth is clearly a price tag on this morning's valuation.
01:21 Miles
Melissa, I'm interested, uh, if you have the idea that you're looking again, then I'll give you such a prospect for one of its important business lines, an Oracle size company with an established customer base that it has. If there are others, I don't know, the company you are thinking, if this company hasn't said X about it yet or maybe there is a wider sentiment indicator, from your standpoint, this company is still like this opportunity, we are not yet stuck in AI business. As if how they handle this kind of move, again, 30% meetings at a company worth hundreds of billions of dollars a day ago are not what you would normally see in the financial market just one day ago.
02:07 Melissa
Certainly, this has two components. One is a major multi-cloud provider. That's why there are platforms that allow organizations to leverage a variety of cloud providers. Well, that's a rare service. No one else really does it like they do. And the second thing is that they were very well located on the sovereign side for a while.
02:44 Melissa
Not only are they bringing AI to businesses, they are bringing AI to countries, I think it's a competitive advantage, as well as the way their cloud services and the way this multi-cloud offering is really close. now,
03:10 Melissa
Like other spinoffs, in terms of knowing, let's see how this can go, as you know. As you know, one of this funny aspects coming later this year could potentially be Dell. Dell was disappointed in the quarter, and their guidance for Q3 was a little below expectations, but once they enter Q4, things can start to get hot for them, which could be interesting with AI servers.
