Over the past quarter,
Oracle Corp (ORCL) has made significant progress in the market, recording an impressive
20.5% gain in June. The stock has been given a
‘Moderate Buy’ consensus from brokerages, signifying market confidence. Oracle’s finesse in
AI makes it a cheap and potentially lucrative buy in this segment. Its
Q1 performance was strong with shares moving higher and
cloud momentum further boosting the stock. Steve Cohen, the billionaire investor, marks Oracle as an optimal choice among
AI software stocks. Oracle secured a substantial
cloud contract with Hitachi Construction that added to its overall growth. The company’s recent dividends have also garnered investor attention. However, Oracle CEO,
Safra Catz, sold 2,750,000 shares, raising eyebrows among investors. Economically, the company's performance has been steady, with their sales figures beating estimates as
cloud growth stabilizes. Investors are advised to keep a keen eye on Oracle as it gears itself for a future driven by Cloud Computing and AI, despite a revenue miss, which led to its stock plunging briefly. Furthermore, reports of a potential deal with Musk's xAI has contributed to Oracle's stock climbing higher, prompting the question of future upside.
Oracle Corp ORCL News Analytics from Mon, 27 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 10:27:16 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 2
