cent

For the current first fiscal quarter, adjusted EPS is expected to be in the range of 20 cents to 30 cents, well below the FactSet consensus of 73 cents.

For every $1 a company currently spends on AI infrastructure such as graphics processing units, he said, the estimated net present value is just 20 cents.

Each dollar invested in generative AI infrastructure yields about 20 cents of net present value, compared to $1.40 for cloud 1.0.

That issue is now trading at 82 cents on the dollar for a yield to the put date of 7.8%, Bloomberg data show.

Wall Street was looking for a loss of 5 cents from sales of $2.9 billion.