Oracle's massive backlog and data center strategy are viewed as an opportunity rather than a financing risk, making it the most underappreciated stock with significant upside potential.

And Oracle, another name with a massive RPO backlog. Theirs was I think close to $640 billion. But, they are also spending heavily. They had negative free cash flow. There's a lot of debt conversations and concerns about that debt.

How do you determine whether the enormous backlog that Oracle has is an opportunity or a financing risk? We see it as an opportunity and we start we think as some of these data centers come online, it'll start to work through that and alleviate some of those concerns.

We're seeing price increases on rentals of legacy GPUs. So, GPUs are going to turn out to be a a 9-to-10-year asset at a minimum. And so, we think that financing them with debt is a smart move.

We think the most disliked stock in the market right now is Oracle. As you mentioned earlier on the segment, absolutely massive backlog. Larry Ellison, again, founder, sort of the original OG founder, saw around corners a couple years ago, started building out his data center strategy.

Corporates and government that need highly secure private data live on Oracle and we think they're going to continue to do well in that space. And so we think it's the most underappreciated name in the market that we follow with perhaps the biggest upside.