Oracle, one of the largest company in the world, handles one of the most use programming language JAVA. It also handles many other products ranging from ERP to databases.
June 2024, it started investing into AI. There is a 1 billion dollars investment into Spain to enhance AI and cloud computing.
Oracle is expected to report revenue of $14.13 billion, up 9% year-over-year. Analysts project net income of $3.05 billion or $1.07 per share, compared to $2.50 billion or 89 cents per share a year earlier. Cloud Services, Oracle's largest business, is expected to deliver revenue of $5.98 billion, up 25% from the year-ago quarter.
Oracle’s demand for training AI large language models in the cloud surged. With AI as the playbook for rally this year, it is likely able to hit all time high by the end of the year
It would be good to start buying into Oracle or start dollar cost averaging as future potential can be seen.$Oracle(ORCL)$
Comments
It will break previous high soon