We recently published 11 Stocks on Jim Cramer’s Radar. Oracle Corp is one of the stocks Jim Cramer recently discussed.
Oracle Corp is another frequent feature of Cramer’s morning show. Over the past couple of weeks, the CNBC TV host has discussed the firm’s agreements with OpenAI and pointed out that he’s worried about Oracle Corp’s ability to find money for its plans. In this appearance, he discussed the firm’s remaining performance obligations. The term roughly represents the money that Oracle Corp expects to earn in the future. Cramer discussed the firm’s relationship with OpenAI and Sam Altman’s recent comments about short sellers:
Photo by John on Unsplash
“I keep looking at that remaining performance obligation, very tricky term, but how much Oracle’s got basically in the bank from OpenAI. And that triggered this next wave. And OpenAI, Sam Altman, had all the characteristics that I saw of a very boisterous info space people who are saying, you know, come on, short me. You don’t ever tell anyone I wish I were public that I could be shorted.”
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This article is originally published at Insider Monkey.
