Travis Hoium

Still, they've lost a lot of that shelf space to the companies like we've been talking about.

All right, when we come back, we're going to go back to artificial intelligence and Oracle's news.

You're listening to Motley Fool Money.

Welcome back to Motley Fool Money.

Oracle is back in the news, this time for maybe not great reasons.

30,000 people have lost their jobs.

I think all those notifications went out yesterday as we were recording.

This has just been an absolutely crazy ride for Oracle.

We went back and looked.

Remember that announcement that seems like it was 10 years ago?

They added $300 billion worth of remaining performance obligations.

A

their stock popped on that news.

Shares were up 30% in a day or two.

They're now down 40% since before that announcement.

The market is rejecting what their new strategy shift is, Rachel.

It seems fascinating that they're now saying, you know what, we're still going all in on AI, and we're going to sacrifice the jobs that have gotten us to be the company that we are today.

Yeah, Lou, it seems like Larry Ellison is going big or going home with this bet on AI.

Let's take Google as an example.

Hey, if we overbuild, we would be better off overbuilding in artificial intelligence and data centers and GPUs and all that kind of stuff, rather than underbuilding and missing out on the opportunity.