Bloomberg Tech Oracle Shares Skyrocket On a Strong Cloud Outlook
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Sep 10, 2025 
Sebastian Siemiatkowski, CEO of Klarna, shares insights on his company’s shift from a buy now, pay later provider to an 'everything app' as it approaches a high-demand IPO. He highlights the competitive fintech landscape, consumer preferences for alternative payment methods, and how Klarna's integration of AI aims to improve user experiences. The conversation also touches on the impact of Oracle’s recent stock surge and the broader implications of AI in business, setting the stage for innovation in fintech.
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Oracle's Cloud Backlog Is A Multi-Year Catalyst
- Oracle's huge order backlog will convert into multi-year cloud revenue as it brings data centers online.
- Oracle's software margins let it fund GPU-backed cloud capacity more cheaply than new pure-play clouds.
Software Margins Fuel Oracle's GPU Push
- Oracle is renting bare-metal GPU compute for model training and inference similar to CoreWeave.
- Its existing high-margin applications business provides a cash advantage for scaling infrastructure capacity.
Market Reaction Made Ellison The Richest
- Oracle's stock surge made Larry Ellison the world's richest person after a massive one-day market reaction.
- The move reflected investor surprise at Oracle's long-term cloud outlook rather than only near-term results.