We recently published 10 Stocks Jim Cramer Talked About. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer talked about.
Like CoreWeave, Oracle Corporation (NYSE:ORCL) also provides computing infrastructure to AI software companies. Unlike CoreWeave, however, Cramer has begun talking about the company almost daily. The CNBC TV host’s comments about Oracle Corporation (NYSE:ORCL) primarily revolve around the company’s remaining performance obligations (RPOs). The stock, which at one point was up 97% so far this year, has trimmed gains to 26% since the beginning of September. Shares of Oracle Corporation (NYSE:ORCL) had soared after the company revealed in its fiscal third-quarter results that its RPOs totaled a whopping $455 billion. While Cramer was initially stunned by the announcement, commenting on September 10 that he “couldn’t believe it when I heard it. I thought they were making this up,” he has slowly formed an opinion since then.
During this appearance, he talked about Oracle Corporation (NYSE:ORCL) after co-host Carl Quintanilla mentioned a WSJ report that the company had never given up such big profits so quickly and was the most indebted company with an investment grade rating:
“Oracle, look, Oracle is a legit question. I felt better about OpenAI after last night.”
While we recognize the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in privileged monkey.