- Oracle’s stock (ORCL) is up 2.33%, with Jim Cramer suggesting they will show “incredible strength”
- ORCL is heavily involved in data centers, which Cramer called “the single biggest investment story for months”
- Oracle’s OCI revenues increased 52% year over year with GPU consumption up 336% in the last quarter
- The company trades at an elevated EV/EBITDA multiple of 21.89x, higher than the industry average of 16.41x
- Despite strong cloud growth, Oracle faces challenges including high…
Article Source
https://moneycheck.com/oracle-corporation-orcl-reports-strong-cloud-growth-amid-valuation-concerns/
