Jim Cramer Discusses Oracle’s Reinvention and Data Center Growth

Oracle Corporation (NYSE:ORCL) is one of the stocks in focus in Jim Cramer’s game plan for this week. Cramer warned that if the company posts good numbers, it may still trigger profit taking. He commented:

“Tuesday, Oracle reports, and for the longest time, Oracle could do nothing right as a software company. But ever since it reinvented itself, or more accurately, ever since Larry Ellison and software… turned the place into a data center kingpin, it’s been doing nothing but net. You saw some of that excitement today when Oracle stock jumped more than nine bucks on news of a further expansion in their data center strategy.

Remember, right now, the market’s turned fickle, so it’s entirely possible that a good set of numbers will spur profit-taking in Oracle’s smoking hot stock. Unless the results are truly incredible, like the aforementioned Broadcom, which delivered amazing numbers last night, it may not be enough to move the needle.”

Ken Wolter/shutterstock.com

Oracle Corporation (NYSE:ORCL) provides cloud software, databases, infrastructure technologies, and hardware solutions. The company also delivers AI, machine learning, IoT, and blockchain capabilities, along with consulting, support, and hardware services.

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.