Oracle Stock Is Down 60% From Its High. Here's Why I'm Still Not Buying.
Oracle's AI business is booming. The question is whether its cash flow can catch up with its spending.
Overview
$800 billion.
That's how much just five technology megacaps are expected to spend in capital expenditures this year alone, with the vast majority earmarked for artificial intelligence (AI) projects. It turns out building AI data centers is fabulously expensive.
Details
Four of those companies -- hyperscalers Microsoft, Amazon, Alphabet, and Meta Platforms -- are trading at less than 15% off their all-time highs.
Source
Originally published at www.fool.com.
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