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Jim Cramer on Oracle: “This is a Tough One” [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
“Last week turned brutal for the AI data center stocks when we got this pair of poorly received quarters from Oracle on Wednesday and then Broadcom on Thursday night. Oracle plunged 10.8% the next day. Broadcom dropped 11.4% on Friday. Dragged the whole group down with them… Oracle, I got to tell you, this is a tough one… You got two problems. You got the OpenAI. You got the Oracle balance sheet… What changed when Oracle reported last Wednesday?… Unlike Broadcom, Oracle legitimately disappointed… I trust Larry Ellison, Oracle's co-founder, chairman, chief technology officer, but I don't necessarily trust his biggest client, OpenAI, and I worry about the scale of what he's trying to build here… Photo by Adam Nowakowski on Unsplash Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations. The company also offers hardware, consulting, and support services. While we acknowledge the potential of ORCL
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