Oracle’s AI Surge: A Bumpy Ride
Oracle’s stock experienced a significant setback last Friday, dropping 7%—its worst day since January. This followed a promising announcement at the Oracle AI World conference in Las Vegas, where the company projected a staggering $166 billion in cloud revenue by 2030.
Key Highlights:
- Long-Term Goals: Oracle anticipates adjusted earnings of $21 per share with over 31% annual sales growth.
- Market Reaction: Shares initially surged 3.1% but faced skepticism regarding the achievability of lofty targets.
- Partnerships: Recently sealed a $300 billion deal with OpenAI and announced commitments of $65 billion in cloud infrastructure.
- Analyst Opinions: Rishi Jaluria (RBC) recommends holding shares, while Karl Keirstead (UBS) raised his target to $380, citing strong AI-focused growth.
Despite challenges, Oracle remains optimistic, emphasizing a diverse customer base.
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