Re:Oracle stock gains 36% to post best day since 1992, addin...
by fuckinpuppers on Thursday September 11, 2025 @02:41PM
(#45214754)
It’s insanity to me that a large company was able to jump 36% in a day. I don’t care what the reason is. I’ve seen this is based on their cloud's AI demand… but really, 36%? Was there some major major contract signed worth $100B? Has anyone used their cloud? It’s terrible.
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Re:Oracle stock gains 36% to post best day since 1992, addin...
by dj_axl on Thursday September 11, 2025 @02:44PM
(#45214787)
OpenAI contract, "Sept 10 (Reuters) - OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle".
Re:Oracle stock gains 36% to post best day since 1992, addin...
by signalblur on Thursday September 11, 2025 @02:43PM
(#45214780)
Yeah OpenAI signed a huge deal with them - $300 Billion
Wild - I’d love to be the sales guy who got that commission
Re:Oracle stock gains 36% to post best day since 1992, addin...
by zamadatix on Thursday September 11, 2025 @02:49PM
(#45214835)
A lot of commission plans, even those which advertise "uncapped" commission, will still have the ability to set a cap for commission due to a single whale. Not that hitting your cap is an unenviable position in itself or anything... just perhaps a lot less exciting than it may sound (or not, just depends on the rules in the plan and what the leadership decides on the given deal). That is, if one sales rep can even claim such a large deal as their own work.
E.g. a few years back I worked with a guy (at an IT sector company) who had a quota of 3 million in the region, but won a single deal worth 30 million + had a great quarter in general anyways. He ended up not getting too much more than if he just had the great quarter.