Where Will Oracle Stock Be in 5 Years?
The tech company's next five years will hinge on the success of its AI cloud business.
Overview
The past 12 months have been a wild ride for Oracle (NYSE: ORCL). Its stock reached record highs almost a year ago as it announced a $300 billion, multiyear deal with OpenAI that dramatically increased its backlog.
However, the optimism from that deal quickly faded as investors became more aware of OpenAI's financial struggles, prompting questions about whether it could meet the financial obligations of its deal with Oracle.
Details
Long-term investors might willingly take a chance on Oracle stock if they see prospects for market-beating gains over the next five years. But will that happen?
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.