2024-03-13 07:00:00 ET
Summary
- Oracle's recent quarterly earnings release has added optimism to investors, with strong growth in Cloud revenue and a solid backlog indicating strong demand for Oracle's cloud services.
- The company's focus on innovation in cloud, including partnerships with NVIDIA, shows that Oracle is moving in line with advantageous technological trends.
- Despite competition risks and a highly leveraged balance sheet, Oracle's strategic positioning in the AI revolution and attractive valuation make it a compelling investment opportunity.
Investment thesis
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Oracle: Cloud Business Momentum Accelerates