Transcript
A (0:00)
When you've got too many ideas and too little time, that's when you need wix for your website. Wix helps business owners like you and me get more done without burning out. It's packed with AI tools that actually make running your business online easier. Build a full site just by talking with AI, get an AI agent to manage your sales and marketing, or work like a 10 person team even if it's just you. Try it for yourself@wix.com this is Scott.
B (0:26)
Becker with the Becker Business. In the Becker Private Equity podcast we try and each day bring you one to two business or market episodes plus an interview from a brilliant leader in business. Today's discussion is Oracle the Canary in the AI Coal line? So here's the deal with Oracle. Oracle is back down again today, lost about 5%. But the reason its stock price is down about 5% is what's most interesting and most telling. Oracle is planning to build a $10 billion data center in Michigan that's driven by some of the AI and data needs. And in Oracle is an example of so many companies that have these massive spending plans related to AI, related to data centers and related to business. Oracle is probably the most interesting of a lot of these because at one time this year its Stock was up 70% and it made Larry Ellison the richest person in the world. Larry Ellison's son David Ellison is the CEO of Paramount Skydance, which is trying to buy Warner Brothers Discovery. A bit of an aside, but the point on the plans for Oracle is one of their biggest lenders for their data center builds is a company called Blue Owl Capital. And apparently Blue Owl Capital is pulled out of the deal to help finance the data center efforts in tax in Michigan. And this is important because, yes, the companies start to have trouble getting funding for some of these expansions that can cause a little bit of a bubble to prick a bit of that sort of needle in the bubble of this AI situation that's going on. On this news of Oracle falling about 4 to 5% today is the NASDAQ itself also having a really challenging day. And we're watching that today as the NASDAQ started off this morning in good shape and is now way down after this real concern with Oracle. Currently the NASDAQ's down more than 1%. The S&P is down 2/3 of a percent and we'll see how that continues to go. In any event, the real question here is will Oracle be sort of a canary in the coal mine? Will it be a signal to the rest of the market that we've got trouble. Thank you for listening to the Becker Business the Becker Private Equity Podcast. Again, we try each day to bring you one to two business and market episodes and insights, plus an interview from a business leader. Thank you for listening to the Becker Business and the Becker Private Equity Podcast.
C (3:12)
How many times have you wished you could be in two places at once? With wix, you practically can. Wix's website builder is packed with powerful AI tools to make running your business online easier. Build a full site just by talking with AI, get an AI agent to manage your sales and marketing, or work like a 10 person team, even if it's just you. So you don't need superpowers to get everything done, you just need Wix. Try it out for yourself@wix.com.