Jim Cramer on Oracle: “This has been an absolute problem since the company decided to focus entirely on building data centers.”

Oracle Corporation (NYSE:ORCL) is one of the Stocks on Jim Cramer’s game plan. Cramer said it was the “most important business reporting” of the week, commenting:

After the close, wow, big deal, Oracle reports. This has been an absolute problem since the company decided to fully focus on building data centers. The plan was already hatched when the stock was trading in the low $100s, then it rose to $345 when we learned that Oracle had huge contracts to build data centers across the country, including a gigantic one from OpenAI. But when Oracle cut gigantic debt to expand, investors became concerned, and the stock has more than halved since then.

Photo by Chris Liverani To Unsplash

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases and IT infrastructure to help companies manage operations.

While we recognize ORCL’s potential as an investment, we believe certain AI stocks offer greater upside…