Oracle CEO Sees Full-Year Capex at $90B-$95B, Not Linear

The headline number matters less than the shape of it: a lumpy capex profile means Oracle's infrastructure buildout will land in concentrated waves rather than steady drips, which can swing supplier demand and cloud-capacity availability quarter to quarter. That cadence matters for anyone tracking AI datacenter buildouts, from hardware vendors to the power and real-estate chains feeding them. With no breakdown of where the spending goes, the open question is whether the uneven timing reflects genuine project staging or simply deferred commitments.