EE/MI Sunday Workaholics Weekly

研报英文原文证据摘录

EE/MI Sunday Workaholics Weekly

J P M O R G A N North America Equity Research

14 June 2026

EE/MI

Sunday Workaholics Weekly

This weekly product is meant to streamline investors’ weekend work by providing Electrical Equipment & Multi-

the tools/dashboard to help prepare for the week ahead. Industry

Chigusa Katoku AC

• Data point of the week. In this week’s datapoint, we highlight Oracle’s 4Q26 (1-212) 622-0855

cloud apps commentary as a read on software AI monetization. Oracle is chigusa.katoku@jpmchase.com

working with customers to deliver quick ROI within their AI budgets. To do so, Piyush Khaitan

they are simplifying how customers consume and pay for agentic capabilities. (1-212) 622-0605

While early days, their new agentic pricing aligns with customer value. Much piyush.khaitan@jpmchase.com

of their AI innovation in their core applications continues to be included at no J.P. Morgan Securities LLC

extra charge. However, customers can also purchase additional agentic capacity

in a simple, predictable way by purchasing bundles of tokens that can be used

The authors wish to thank Chandreyee

across their application suites. They're also introducing outcome-based

Sengupta, of the J.P. Morgan Global commercial models that align pricing directly to the value derived. For

Research Center, for contributions to this example, interview agents that are priced based on the number of candidates

report. screened, or hospitality upsell agents priced on the percentage of end-consumer

upsell transactions. In Q4, they started a limited rollout of their token bundles

and had 33 customers pre-purchase tokens that have access to more advanced

reasoning and models.

• Cooling degree days watch: Population-weighted cooling degree days on a