Oracle Corporation (ORCL): “It’s Almost Palantir Like,” Says Jim Cramer

We recently published 8 Stocks That Jim Cramer Recently Talked About. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently discussed.

Oracle Corporation (NYSE:ORCL) is one of the biggest enterprise computing software providers in the world. The AI gold rush has seen the firm position itself as a cloud computing infrastructure provider as well. The AI focus has led Oracle Corporation (NYSE:ORCL)’s shares to gain 48% year-to-date, with a notable jump coming in June when the stock gained 22% after the firm’s fiscal fourth quarter earnings report. Cramer commented on Oracle Corporation (NYSE:ORCL)’s share price performance:

“Oracle gets walked up, it’s almost Palantir like. But they have, they’re building a huge number of data centers and everybody needs data centers. You know, Oracle’s like a, it’s become like digital equipment was in the 90s.”

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

Cramer discussed Oracle Corporation (NYSE:ORCL) potentially offering government services at a discount:

“I was thrilled to see that. Wow. I mean, how great to offer that. I think that was, I was shocked at that. Look when they from 105 to 110, when they went to this level, to say that they’re anything other than unbelievable, Larry Ellison, Safra Catz, they’re just extraordinary. They’ve created a huge amount of wealth for people. Huge. Yeah I mean Safra, I had Safra on and she was talking a really big game and I said come on Safra, don’t say that unless you mean it. And she meant it. And good for her.”

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