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IHC MORNING NEWS BRIEF | 6.4.26 |
Oracle's June 10 print is the most levered earnings of the AI cycle. Debt doubled to $162B. LTM FCF -$24.7B, the worst print in company history. 54% of the $553B backlog sits on OpenAI — a private customer that burned $27B last year and whose CFO publicly floated a federal backstop.
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@BrianRoemmele I been wanting to see tech like this being introduced! Will compensate for cheap fabrication prices overseas and keep it local, but how about the up front cost on equipment and materials?