Oracle Update -- November 30, 2024

Locator: 44466INVESTING.

Tag: Oracle.

From December 12, 2023, one year ago, link here:

Locator: 46284HEADLINES.

The fourth industrial revolution: industrial revolutions historically run ten years. 

StarLink: if you don't believe that about the 4th Industrial Revolution, look into some of StarLink's numbers being reported.

Think NVDA: from Oracle's earnings call -- 100 new data centers --

And since that original link, I've mentioned Oracle many, many times.

Now flash forward. Link here.

 From the linked article:

Oracle (ORCL) is partying like it's 1999. Oracle stock is tracking to have its best year since the turn of the century as the tech giant joins the euphoria around artificial intelligence, the hot trend that experts say could boost its reach — and finally make it a serious contender — in the cloud.

The database software titan, whose shares have soared more than 80% year to date, was slow to join the party when cloud-computing took hold in the enterprise technology world a decade ago. Oracle has been playing catch-up to cloud giants Amazon, Microsoft, and Google parent Alphabet and still trails far behind them, a P/E of 48.

Oracle's stock price climb this year trails only Nvidia's 183% surge for top-performance among mega-cap stocks, as of November 25, 2024. 

Ellison has surpassed Amazon founder Jeff Bezos as the world's second richest-man behind Elon Musk, according to Forbes. Ellison, who just turned 80, stepped aside as CEO a decade ago but remains chairman, CTO and an outspoken fixture at Oracle's public events.

Ticker:

And more: 

Those efforts often focus on the Oracle Cloud Infrastructure business, which competes with Amazon Web Services, Microsoft Azure and Google Cloud.

But Oracle also has a wide portfolio of enterprise software services, such as its industry-leading database software and cloud applications like NetSuite and Oracle Fusion.

"That vision from the chip to the user-click along one stack is what Oracle has been building toward and is now being realized by customers and helping Oracle's momentum," Mueller told IBD.

The strategy is getting a boost from Oracle's strength as the industry's leading database provider. Oracle database software is used by 96% of the Fortune 100.

"Before you go on your AI journey, you have to get your data straight," Del Prete said. "You have got to structure your data in a way that these models can take the best advantage of."

One may want to use AI to learn a bit more about Oracle vis-a-vis its major competitors and SNOW. You should find it fascinating.