Down More Than 60% From Its High, Has Oracle Stock Become a Bargain Buy?
The tech giant is trading at a sizable discount.
Overview
It wasn't that long ago that Oracle (NYSE: ORCL) was a top tech stock benefiting from the hype around artificial intelligence (AI). But that excitement has quickly turned to concern about elevated spending on AI, high debt levels, and perhaps too much dependence on OpenAI. The result: a stock that's now lost roughly half its value in the past 12 months.
Oracle, however, remains a big name in the tech sector, and it still has plenty of growth opportunities stemming from AI. With it now down over 60% from its highs, is now a good time to buy the stock?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.