Did Jim Cramer Get These 23 Stocks Right?

12. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 107

When Cramer was asked about Oracle Corporation (NYSE:ORCL) at the time, he commented on the company’s recent performance and AI-driven initiatives, stating:

“Oracle is trying to build as many data centers with the latest and greatest from Nvidia as they can. […] The Oracle quarter was very good… I think it can go higher.”

Oracle Corporation (NYSE:ORCL) has indeed been doing great, appreciating by 18.65% since then.

Jim Cramer remained upbeat when he talked about the stock again on March 11^th, saying:

“I don’t understand why people didn’t listen to Safra Katz and to Larry Ellison. Happens to have his own island. I’ve been there. . .the guy’s got game. It was a good, it was the best [inaudible] I’ve heard from a tech company. Go listen to the call and stop being so negative!

Okay Oracle’s down eight. Look I get that. They missed the numbers but they have a hundred and thirty billion in backlog. 15% increase in overall rev. Now they’ve got the remaining performance obligations are just a hundred and thirty billion! I happen to, and I know the analyst cut, but they are part of the zeitgeist. I happen to respect Larry Ellison a great deal. I wish it were, I wish there was a similar respect. It’s an unrequited lover there. But not with Safra! And I think that Safra Katz made a really good case about how next year’s gonna be just blowout. Maybe even the second half. They got more than a hundred data centers. I wish people would listen to their call rather than watch the headlines.

They want hundreds of data centers at Oracle because they want to capture things.”