Jim Cramer Shares Very Important Analysis About Oracle Corporation (ORCL)

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently discussed.

Oracle Corporation (NYSE:ORCL) has been the talk of the town recently after it revealed a whopping $455 billion in cloud backlog as part of its fiscal first quarter earnings release. In this episde, Cramer critically evaluated the announcement:

“[On shares being down at open] Well Oracle is the fundament of what happened. That was the, that was the straw because everybody else had been self funding. You know because cash flow, Mark Zuckerberg had a cash flow, Google had a cash flow. And suddenly Oracle comes in. Where are they going to get all the money? Well they’re going to get it from OpenAI, but where’s OpenAI going to get all the money? They’re going to get it from NVIDIA. . .

“I think the story about Oracle say having 450 billion dollars of orders is a little softer than I think it sounded. And I don’t know if they meant it to be as [inaudible].

“We had Rene Haas, serious guy, Arm Holdings. And he was saying, look, there is a huge amount of money being spent. But no one had spent far more than their cash flow. And to build everything that Oracle has to build costs a fortune. We already talked about the two economies.”

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Disclosure: None. This article is originally published at Insider Monkey.