Down 50% Over the Past Year, Is It Time to Back Up the Truck and Buy Oracle Stock as Revenue Surges?
Oracle shares have crashed on concerns over its AI infrastructure spending.
Overview
Oracle (NYSE: ORCL) shares were unable to gather any momentum despite soaring revenue and a robust backlog. The stock is down around 50% over the past year, as investors continue to fret more about the company's capex spending than its growth.
With one of the best growth opportunities in the cloud computing space, let's see if now is the time to go all in on Oracle shares.
Details
At one point last year, investors were celebrating Oracle's push to become a cloud leader, with the stock more than doubling in less than six months. However, that sentiment has done a complete 180-degree turn, with the stock round-tripping its gains.
Source
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.