Oracle’s earnings drop this week, and everyone’s watching to see if their big AI moonshot—Stargate—can turn the ship around. Stock’s down 12% this year, but analysts are hoping for a bounce.

Here’s my take: Oracle’s not exactly a scrappy startup. They’ve got decades of legacy infrastructure to haul, and pivoting to AI isn’t like flipping a switch. But if Stargate lands, it might buy them relevance in a landscape where “legacy tech” is usually just a polite way to say “future layoffs.”

If you’re on Oracle’s stack today—watch closely. Their roadmap affects yours. If you’re not? Still a good case study in how slow giants try to move fast.