Phil Hasslett

To your point, can OpenAI pay or that contract will fall apart?

Look, this is a non-cancellable contract, what Oracle says.

So, with that, and there will be demand if we think about AI at this point, the rate it's growing probably will need that demand at this point.

But,

I think if you look at the concern, Oracle lost more than $300 billion market cap.

You know, an OpenAI contract is only $300 billion.

I think if I remember, it's $322 billion market cap loss.

So even investors are more skeptical beyond even OpenAI at this point.

which we don't think, like core business is still doing well.

The way we are looking at it, you asked about the price target.

I think if you're an investor, you need to believe on this long-term AI story.

Growth is accelerating, $21 EPS, they guided for fiscal 30.

And if you discount it back, even applying 25 times, we get to this $400 price target.

Yes, I think the way right now OCI is very important for Oracle.

So that's where they're separating OCI.

Clay is going to, he's going to supervise, he's going to look at that business and rest of the application and rest of the business, Mike Cecilia is going to do it.

I think this model works.

Larry is still there.

He's the chairman.

He's leading the group, leading the company there.