Oracle (ORCL) stock is down 50%. The sell-off appears to be overblown as the AI ​​movement grows

Oracle (ORCL) stock has fallen nearly 50% in the past six months as investors worry about Oracle’s customer concentration, funding needs and size artificial intelligence Expansion of the (AI) infrastructure. I think the sell-off has gone too far. I’m bullish on ORCL because the company is no longer telling a theoretical AI story; It’s starting to translate AI demand into accelerated cloud growth, massive backlog, and better-than-feared economics.

This shift also challenges the longstanding view of Oracle as a legacy database and enterprise software company, a label that no longer reflects the company’s evolution.

The market still seems unsure whether Oracle should be valued as an old-fashioned software company or a next-generation AI infrastructure provider. In my opinion, this uncertainty is exactly why the stock seems interesting. Oracle is evolving into something much more valuable than either label: a company that owns the infrastructure…