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Oracle GPU renewals resold at a 20% premium
Hraness cites a source capture. The source author remains the source.
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It’s the weekend but surprised I missed this from $ORCL earnings. Implications for $NBIS to $IREN are pretty positive since: Oracle said all GPU capacity for renewal were resold +20% premium above previous contracts. Majority of the equipment was 4Y+ and older… So another L for the Burry’s rapid GPU depreciation thesis. And W for $NVDA and the Neocloud party.
GPU Utilization -- 97.9%, reflecting extremely high demand for the company's multi-tenant fleet.
GPU Renewal Premium -- 20%, representing the price increase achieved on AI capacity renewed or resold during the quarter.
Utility
for renewal were resold at a 20% premium, even though the majority of the equipment is 4 years or older.
Management expanded the relationship with OpenAI to offer API access and ChatGPT for work through the Oracle
