Down 48%, Is Oracle Stock a Buy Right Now?
AI spending is ramping up, but this tech stock looks like a good deal.
Overview
Oracle (NYSE: ORCL) stock has been a big disappointment for shareholders lately, plunging 48% over the past 12 months. The latest declines came after the company's leadership said Oracle will spend up to $70 billion in capital expenditures (capex) in fiscal 2027.
Tech investors have been growing impatient with what they believe is excessive artificial intelligence (AI) infrastructure spending, regardless of how that spending will translate into revenue and earnings. But Oracle's AI spending likely isn't as bad as investors fear. Here's why buying Oracle stock could be a smart move right now.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.