Jim Cramer Explains How Oracle Positioned Itself Ahead of the Hyperscaler Fundraising Boom

Oracle Corporation (NYSE:ORCL) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. Cramer expects to hear more about how the data center business is doing. He commented:

Now, the big hyperscalers are all afraid of being left behind. That’s why you keep seeing these fundraisers. So they keep spending and spending and spending. Oracle figured this out a long time ago and got in the business of building data centers. Is it working? Well, I don’t know, we’ll find out Wednesday.

Photo by Robb Miller on Unsplash

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations. During the May 5 episode, a caller asked whether Cramer sees the stock returning to its all-time high, and he replied:

Okay, I think that last quarter was very good, and people were betting against Oracle. I think that’s a bummer bet. I think that you should go with Oracle. I wish they’d get rid of Cerner and just take the… charge.

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