TheMotleyFool · Oct 6, 2024, 12:30 · 1 min read

Will Oracle Be a Trillion-Dollar Stock by 2029?

(NYSE: ORCL) delivered a breakout year for investors, with shares returning 62%. It's been one of the best-performing technology sector stocks in the S 500 index for 2024.

The company is capturing strong demand for its cloud services, which are proving critical for enterprise customers to scale artificial intelligence (AI) infrastructure. Investors have plenty to cheer about as a new round of earnings growth momentum provides a major tailwind for the stock into 2025 and beyond.

Could Oracle reach a trillion-dollar market capitalization by the end of this decade? Let's take a look at the numbers and where this cloud computing giant may be headed next.

Source Fool.com

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