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Oracle is 'oversold': The bull case to buy the dip
Oracle (ORCL) stock is down roughly 30% in the past month as investors worry about the company's debt and over-reliance on its mega deal with OpenAI (OPAI.PVT).
Jeffries senior analyst Brent Thill says that Oracle stock is oversold, along with Meta, as investors flock to the trending AI stock: Alphabet (GOOG, GOOGL).
To watch more expert insights and analysis on the latest market action, check out more Market Domination.
Editor's note: This post was updated to reflect Oracle is down 30% this month.
on Oracle Brent, since you bring it up, um, listen, that one to your point, it has been whacked here. The team at CFRA, I I see they did downgrade Oracle to hold and they were talking about mounting debt concerns. They bring up what they say is heavy reliance, heavy reliance on Open AI, but I know you like this name. So I guess what is your your reaction, your response to that?
Oracle: Margin Call (NYSE:ORCL)
This market has shown it all. From gap-ups to insane valuations. The only thing that has mattered is hope of more revenue in the future. Investors have ignored cash flow, profitability, P/E ratios and of course, GAAP. But in our estimation, one of the silliest moves we ever
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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