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I have not laughed at a story harder than this in my career, just muttering "negative two hundred and twenty percent" and chuckling.

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Laughing very hard at this. Don’t look at my gross margins! Look! Number go up! Revenue higher! Number bigger! Why you not happy? Why mad at oracle

Is this because it takes time to pay back the capex so the newest stuff hasn’t been paid back while the oldest stuff has had 2 years of revenue? Obviously even 26% margin is not great if the oldest chips shown are effectively end of life.

yeah here’s the thing - those a100s are 5 years old! Their wimpy little asses are dying very soon and even if they aren’t, who’s paying top dollar for those when Vast is selling them at (lol) 67 cents an hour

Capex doesn't affect profit, it affects balance sheet. Depreciation affects profit - I'm not a tax specialist and there may be a carve-out/loophole/etc, but it looks like GPUs should get straight line depreciation over 5 years (and the graph states depreciation is mostly included).

see the whole Oracle destroying itself because Larry Ellison is senile is too perfect please don't do anything to stop it from happening

software licensing is a den of iniquity but somehow Oracle has always managed to be the very worst of the worst nuking it from orbit would be too kind