Caroline Hyde

But the bigger picture is pretty clear, right, Caro, that we've seen big tech companies use debt markets to fund what's happening in capital expenditures.

A lot more to discuss.

This is why going back to basics is probably a good place to start.

I agree with you.

People would say, well, why is that a good idea?

You know, they look at some of the mag seven names and the cash on their balance sheet and say, you know, why is that a useful mechanism for them?

Robert Schiffman on the Credit Corporate, Corporate Credit Watch, MathCamp, Bloomberg Intelligence CV, love it.

Another mover today is Oracle Shares.

We're on a bit of a tear.

This comes after, a tear, up 9%.

This comes after DA Davidson released a note saying improvements from OpenAI would lift the shares of public companies in the chat GPT-Baker's orbit, particularly Oracle.

Let's bring in DA Davidson, Managing Director here.

We're just showing the kind of top line of your research and clearly, you know, there's some read through right in the move we've seen in Oracle this morning.

Why is Oracle such a key beneficiary if OpenAI is basically able to monetize better, offer more products and particularly strengthen its enterprise business?

Okay, I appreciate that math on what's changed about the situation with open AI being good for it.

You know, that's been a question for a long time.

You just heard Bloomberg Intelligence's Robert Shiffman, right?

Oracle has been at the heart of this question on debt versus payoff.

They've had a lot of demand when they've gone to the market, but we are worried, right?

They've swung to negative free cash flow.