Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Oracle is expecting a significant jump in its earnings growth rate over the next five years. A huge need for its cloud infrastructure to train AI models has led to healthy growth in demand.
Oracle's cloud growth is being driven by AI tailwinds. C3.ai hasn't proven its business model is sustainable yet.
With Oracle stock surging, an analyst sees a big opportunity for the company in its partnerships with Azure, AWS and Google.
Oracle Co. NYSE: ORCL started as a pioneer in relational databases for businesses in 1977. The company has transformed itself into a major provider of cloud-based software as a service (SaaS) and infrastructure as a service (IaaS) platform to enterprises across 175 countries.
Nvidia stock trades 14% below its all-time high as some investors worry about a possible slowdown in its business. Billionaire Larry Ellison while discussing Oracle earlier this month, made comments that should please Nvidia investors.
Oracle Corp's ORCL stock has been on fire, up a whopping 20% in September alone, riding the wave of the company's bold AI and cloud infrastructure moves.
Oracle's NYSE: ORCL stock has had a great two weeks and an impressive overall return in 2024. Shares are up 20% since Sept.
Could Oracle (ORCL) be this year's next big AI-fueled hypergrowth story?
Oracle's 1Q FY2025 earnings exceeded revenue and non-GAAP EPS estimates, with the company also providing a strong 2Q outlook driven by robust cloud demand and backlog growth. Its total RPO grew 53% YoY in 1Q FY2025, with 38% of current RPO, indicating a multi-year growth acceleration in revenue. The company is expected to achieve double-digit revenue growth in FY2025, indicating that its revenue growth momentum is accelerating.
Nvidia stock has slipped by about 7% over the past month. The stock still makes a solid long-term buy, but another tech sector player is cheaper and may have stronger momentum right now.
Jim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's 'Halftime Report' to explain why he's trimming these two tech names.