Nov. 29 at 12:13 PM
$AMZN $MSFT $NFLX $ORCL
Okay ORCL should be worth around
$400 right now
There is massive value here
“RPO progression (just the last couple of years):
• Q1 FY25 (Sept 2024):
RPO =
$99B, up 53% YoY.
• Q3 FY25 (Mar 2025):
Oracle says it “signed sales contracts for more than
$48B in Q3,” pushing RPO up 63% to over
$130B. In the same release they highlight cloud deals with OpenAI, xAI, Meta, NVIDIA and AMD.
• Q4 FY25:
RPO reported at
$138B, up 41% YoY.
• Q1 FY26 (Sept 2025) – the big step-change:
RPO explodes to
$455B, up 359% YoY, and up
$317B in a single quarter.
So when that transcript says “it already has orders for it”, they’re pointing at this
$455B+ in contracted future revenue that Oracle has publicly disclosed.
Oracle isn’t borrowing in the dark. It’s building data centers that already have long-term AI cloud contracts attached, and we can see ~\
$455B of those in RPO.”
