Oracle said older GPUs are retaining and even gaining value, with all capacity coming up for renewal during its fiscal 2027 first quarter either renewed or resold at a 20% premium to previous contracts. Most of those GPUs were at least four years old. CEO Clay Magouyrk said Oracle delivered 850 megawatts of AI capacity containing more than 300,000 GPUs since the previous quarter, nearly three times its fourth-quarter deliveries and equal to 73% of capacity delivered in the prior fiscal year. The company also closed more than $30 billion in additional AI contracts without requiring additional capital, while GPU utilization (the share of computing capacity in use) remained at 97.9%. Oracle's comments echoed Nvidia CEO Jensen Huang's view that AI computing is a durable, productive asset. Oracle reported first-quarter adjusted earnings of $1.92 per share and revenue of $19.35 billion, both above analyst estimates. It forecast second-quarter revenue growth of 30% to 34%, cloud revenue growth of 65% to 71%, and adjusted earnings per share of $1.85 to $1.93. Oracle shares fell 5.38% to $152.94 in regular trading before rising 4.13% to $159.26 after hours.