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Just a few months ago, investors were singing Oracle's (ORCL) praises after it reported off-the-charts revenue growth and unveiled a massive backlog. Its Q3 earnings surprised Wall Street, which had ***** umed the tech dinosaur had lost its edge. Fast forward to today, and Oracle's fundamentals remain exceptionally strong. Cloud demand is booming, with the company signing massive AI infrastructure contracts that forecast years of accelerating revenue growth. Yet, the stock tells a different story. ORCL stock is down roughly 36% year-to-date (YTD), touching a new 52-week low of $120.03 yesterday.
The selloff reflects more of investors' concerns over the company's aggressive AI spending rather than the company's long-term prospects. Even Wall Street remains overwhelmingly optimistic, with one ***** yst expecting the stock to surge to $400, which implies a potential 220% upside from current levels.
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#Stock
2 months ago

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