Dec. 11 at 8:32 AM
$PLTR Oracle said spending would rise by
$15 billion compared with earlier estimates - a sign that big capital outlays to chase AI cloud-computing customers is not turning into profit as fast as Wall Street had expected.
"Results were mixed with backlog of
$523B slightly ahead... Despite management’s commitment to its IG (investment-grade) debt rating, AI debt funding concerns were unresolved," wrote Jefferies in a note, sticking to its buy rating.