Oracle Corporation (ORCL) Building US Data Centers Could Make Trump Ask Others To Do The Same, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently discussed.

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Oracle Corporation (NYSE:ORCL) has quietly become one of the most important stocks on Wall Street in the AI era. Its shares have gained 34% year-to-date primarily due to rigorous investments in data centers and the procurement of NVIDIA’s latest AI GPUs. Oracle Corporation (NYSE:ORCL) is a key part of President Trump’s Stargate AI initiative, and Cramer wondered whether Trump would use the firm’s example to ask other big tech companies to expand their US presence:

 “But these other people, these are the people that are the, it’s the Magnificent 6 down there. We’ve got the powerhouses that have all committed to doing more. I’d like to see if everyone’s going to make commitments like the way Tim Cook has. Who has put up, you know, the $600 billion over the four years. It’s incredible. I think this is, you know this is kind of what the administration [inaudible] initially was telling me. Which is that, it won’t be like Biden, who would never have these people. It’s going to be the opposite. These are the people who know more, and we’re going to have them in.

“But this is a very different time. I expect something consequential to come out of this. I just can’t even figure out what it’ll be.

“And it wouldn’t be, the President could say, listen, Oracle is building data centers all over the place, what are you guys doing? When are you guys going to do what I want to see? Which is that I want real factories built here in America.”

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