Why Overpay for Oracle (ORCL)?
LLMs increasingly feel like expensive commodities
Why pay 10x EV/Revs and 56x EV/FCF for ORCL 0.00%↑?
AWS, Azure and GCP will continue to take share on the compute side. Oracle will need to grow CapEx faster than Infrastructure Revenue if it wishes to keep pace with the aforementioned Big 3.
Buy META 0.00%↑ if you wish to place a bet on open source LLMs winning the day (I believe they will as the proprietary LLM game has only capital as a barrier to entry). META shares are not exactly cheap, but they are less expensive than ORCL.
LLMs increasingly feel like expensive commodities and are only differentiated when paired up with proprietary domain-specific data sets. BloombergGPT is one such example of a differentiated natural language powered offering.