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.
Image source: Getty Images.
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
€156.42
-0.560%
With 99 Buy predictions and 2 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 230 € shows a positive potential of 47.04% compared to the current price of 156.42 € for Oracle Corp..
