Oracle (ORCL) is Down 30% This Year. But This Billionaire Still Loves It

Published on April 10, 2026 at 9:46 am by Fahad Saleem in News

We just covered Billionaire Ken Fisher’s Latest Portfolio: 10 Best AI Stocks to Buy. Oracle (NYSE:ORCL) ranks #10 (see the 5 Best AI Stocks to Buy).

Billionaire Ken Fisher’s Stake: $1.81 billion

Oracle (NYSE:ORCL) shares are down about 30% so far this year, but some analysts believe the stock can rebound and reward patient investors. The company has a record $553 billion backlog in Remaining Performance Obligations, mostly from multi-year cloud infrastructure contracts (OCI), ERP, CRM, and Cerner healthcare software, giving earnings visibility for the next 18 months.

Oracle (NYSE:ORCL) has successfully transitioned from legacy software to a modern AI cloud leader, with OCI growing 44–84%, high client retention of 96%, and multi-cloud partnerships with Microsoft Azure and AWS helping capture enterprise customers.

Oracle’s (NYSE:ORCL) cloud services revenue now accounts for over half of total sales, and operational efficiency is high, generating $445,000 per employee, 15% above the industry average. Pricing power remains strong, with service fee hikes offsetting AI hardware costs, keeping non-GAAP operating margins at 43%.

Despite the negative sentiment around ORCL, there is one notable Wall Street analyst who thinks the stock can surge to $240. Read about his reasoning here.

Ariel Focus Fund said in its investor letter that while ORCL remains range-bound in the near term, its current infrastructure investments will pave the way for meaningful earnings growth over time. (Click here to read the full text).