Oracle ($ORCL) just released its Q3 earnings report, and its stock surged 8.5% in after-hours trading. After seeing the emphasis on the "15th Five-Year Plan" for computing and power integration in early March, I've become even more aware of the importance of AI infrastructure. In other words, AI infrastructure is like the "water seller" of energy. As the king of data centers, Oracle's earnings report tonight delivered three very clear signals to Wall Street: 1. Successful cloud infrastructure transformation, shifting its core focus to AI cloud infrastructure; 2. Layoffs to reduce costs and increase efficiency, lowering its R&D personnel costs and improving profit margin expectations; 3. Aggressive capital expansion, with 30 billion already completed out of a 50 billion financing plan. The layoffs on the 6th, in my view, are a signal, because just a few days ago, another company ($XYZ) significantly improved its profit expectations due to layoffs. This proves that Wall Street always pays for "future profits exceeding expectations." This financial report further demonstrates Oracle's capabilities in transforming into an AI infrastructure company that sells water and shovels. Borrowing a chart from group member @0xHogen, Oracle has essentially priced in all the negative factors in recent months along with the significant correction in software stocks.