Oracle Corp. (ORCL) reports earnings after the bell, with investors eyeing bookings momentum, backlog growth, and free cash flow. The company needs to convert existing OCI bookings into revenue and deliver a positive free cash flow number to ease concerns. Andrew Graham and Jason Ware discuss Oracle's AI demand, cloud competition, and valuation, as well as alternative tech plays like Vertiv (VRT), Coherent (COHR), and Synopsys (SNPS).