CapEx And Cash FlowOracle's soaring revenue targets will necessitate significant capex spending, resulting in years of negative free cash flow and rising debt levels.
Supply Chain ConstraintsIt is less clear how Oracle can stand up datacenters fast enough to achieve the topline growth given supply constraints across land, buildings, energy and GPUs.
Supply Chain VisibilityThe company did not provide CapEx targets or commentary, suggesting limited visibility into supply chain and availability of components required to build out multi year capacity.