Where Will Oracle Stock Be in 2029?
Oracle (NYSE:ORCL) should ideally have been one of the biggest winners of the artificial intelligence (AI) infrastructure boom, but a closer look at the company’s stock price performance suggests that hasn’t been the case so far.
Oracle stock has dipped 53% over the past year. The company has been taking on significant debt to fund the aggressive build-out of data center capacity to fulfill the massive contractual backlog it is carrying. The ballooning debt has caused panic among investors. However, we will look past the noise and check if Oracle can prove the naysayers wrong and head higher over the next three years.
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Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.