Oracle Stock Just Tumbled: Here's One Reason Why
(NYSE: ORCL), once a software company with minimal capital spending needs, has been transformed by the AI boom. The company's strategy is to build AI infrastructure and rent it out to AI companies and other tech giants, capitalizing on the soaring demand for AI training and inference workloads.
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Oracle has more than half a trillion dollars of future revenue in its backlog, including a $300 billion multi-year deal with OpenAI. When that deal first came to light, shares of Oracle surged. If everything goes according to plan, the company's revenue growth over the next few years is set to accelerate greatly.
Source Fool.com
Oracle Corp. Stock
€134.40
1.280%
With 104 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 234 € shows a very positive potential of 74.11% compared to the current price of 134.4 € for Oracle Corp..
