Oracle’s Real Growth Story Is Hiding in Its $664 Billion Backlog
Investors have good reason to be concerned about Oracle (NYSE: ORCL) stock. The company has borrowed heavily to finance its transformation into an artificial intelligence (AI) cloud stock. Moreover, much of its backlog depends on OpenAI, a company that has not performed to expectations financially.
Despite that concern, investors may take comfort in the company’s considerable backlog. Even if OpenAI does not perform to expectations, that backlog could still drive Oracle’s growth story, and here’s how.
Image source: The Motley Fool.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.