Oracle may not be the first name that comes to mind in discussions of AI technology, but the company is seeing significant benefits from the demand for AI-enabled cloud computing infrastructure. Despite a recent rally in Oracle’s stock price, it is not too late to consider investing in the company. Since being identified as an overlooked AI powerhouse in April, Oracle’s share price has risen substantially, making now a potentially opportune time to set a $200 price target. Oracle co-founder and CTO Larry Ellison’s net worth recently surged by $14-15 billion in just one day following the company’s strong fourth-quarter earnings report. Investors were pleased to see Oracle’s cloud infrastructure revenue grow by 42% year-over-year, along with significant AI sales contracts totaling over $12.5 billion. Oracle’s significant investment in AI technology in Spain, including plans to open a third cloud region in Madrid, demonstrates the company’s commitment to becoming an AI-first organization. The company sees long-term revenue opportunities in Spain by helping customers migrate workloads to Oracle Cloud Infrastructure. Looking ahead, Oracle stock is poised to exceed $200 this year, driven by the company’s efforts to secure additional AI sales contracts. Oracle’s vision for the future as a leader in AI technology and cloud computing makes it a compelling investment opportunity for those looking to add exposure in this space to their portfolios.
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