Why Oracle Fell Hard Today
Shares of database and cloud giant (NYSE: ORCL) plunged as much as 8.1% on Friday, before recovering slightly to a 6.9% decline on the day.
Oracle held an analyst-attended Investor Day presentation yesterday, where the company clarified some of its long-term targets. While the guidance to 2030 was fairly impressive, it appears investors are "selling the news" after the stock's tremendous gains over the past couple of months.
In the presentation, Oracle gave some more detail around its cloud infrastructure growth and margins out over the long term. Oracle's cloud growth has been a subject of some debate, especially after the company announced a massive 359% growth in its cloud RPO in September to $455 billion, with the majority of that growth coming from a single contract with OpenAI.
Source Fool.com
Oracle Corp. Stock
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