Jim Cramer Discusses These 11 Stocks & Says Trump’s ‘Soft’ On Tariffs Amidst $4 Trillion Wipeout

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3. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders In Q4 2024: 105

Oracle Corporation (NYSE:ORCL) is a technology company that provides business operations management software. It has also positioned itself as a key player in the AI market by providing computing resources to AI companies. Cramer was full of praise for Oracle Corporation (NYSE:ORCL) after President Trump’s massive $500 billion Stargate AI announcement earlier this year. The CNBC host wondered whether the firm had pulled a coup by outmaneuvering Microsoft and teaming up with OpenAI. He kept his upbeat tone about Oracle Corporation (NYSE:ORCL) in his latest remarks:

“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.”

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