We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently discussed.
Oracle Corporation (NYSE:ORCL) was the talk of the town last week after its shares closed 36% higher on Wednesday. The jump came after the firm’s earnings report, and Cramer discussed CEO Safra Catz’s comments during the earnings call:
“[On Catz saying OCI would grow 77% to $18 billion this fiscal year and increase to $32 billion, $73 billion, $140 billion, and $144 billion over the following four years with most of these figures baked into the firm’s $455 billion remaining performance obligation figure] This is a masterful conference call from a very large cap stock. And I have not seen a move overnight in particular. We did have that main move, with NVIDIA, a couple of years ago, with NVIDIA, but this is not like that. David, this is one where I’m on the conference call and I’m saying, no, no, not true, can’t be, can’t be. Then look, the most you can say is look it’s entirely possible that some of it is one large customer that we know right.
“And how about the fact that it comes, with . . .where I think that there were a lot of shorts pressing Oracle because the last quarter was just only okay. But more importantly, there were a lot of people who were saying, hey listen, the data center, that’s over. Let’s move on. Mag 7 over, the Elite 8, over. This was a, and then no, completely wrong. Completely wrong. And I think this caught a lot of people looking a long way.
“Well I’m just saying that I think that some of the companies are questioning how big this really is. The RPO. Remaining performance obligations.
“[On free cash flow being negative which made David wonder about the margins] I think they’re near zero.”
“But Safra Catz has always been money, I’ve liked her for you know, the day I met her. I would never doubt her. They did have two quarters that didn’t work. But she said stick with it. Came on the show, dead right. Thank you Safra Catz, for making a lot of people millionaires.
“Now we’re going to be speaking to Vlad Tenev, later today. Of Robinhood. Have you ever seen overnight buying like this moving a large cap stock? It’s a new world!”
While we acknowledge the risk and potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Hedge Fund Resource Center