Is Oracle Stock a Buy?
Artificial intelligence (AI) has been a boon for a number of businesses, including Oracle (NYSE: ORCL). AI energized the tech company's fortunes, sending its shares soaring 50% over the past 12 months through the week ending Feb. 21.One factor that drove the stock higher is the company's participation in the U.S. government's Stargate program. This project plans to invest $500 billion into the nation's AI infrastructure, providing a tailwind to Oracle's revenue growth.But the stock is down from the 52-week high of $198.31 reached in December. Does this present an opportunity to buy shares? Here's an analysis of the tech company to arrive at an answer.Continue reading
Artificial intelligence (AI) has been a boon for a number of businesses, including Oracle (NYSE: ORCL). AI energized the tech company's fortunes, sending its shares soaring 50% over the past 12 months through the week ending Feb. 21.
One factor that drove the stock higher is the company's participation in the U.S. government's Stargate program. This project plans to invest $500 billion into the nation's AI infrastructure, providing a tailwind to Oracle's revenue growth.
But the stock is down from the 52-week high of $198.31 reached in December. Does this present an opportunity to buy shares? Here's an analysis of the tech company to arrive at an answer.
