$Oracle(ORCL)$ CNBC reported that OpenAI saw 77% total run rate growth in its third quarter, along with 107% run rate growth for its enterprise business during the same period. I think we could get back above 140.
$Oracle(ORCL)$ The OpenAI revenue news is not a nothing burger. It is one of the most bullish things I have seen. This company basically had no revenue four years ago and now does $50B. We have never seen anything like this with them and Anthropic. They are bigger than almost every company in the world. Dumbest selloff I have ever seen.
$Oracle(ORCL)$ If you bought ORCL in 2023–2024 and just held it, you've basically made nothing over the past 2–3 years. The stock is trading back around pre-AI levels, as if the AI boom never happened and that massive $680B backlog simply doesn't exist. The market is pricing in almost none of the future value. At this point, it may take until 2030 to finally see $400+. The thesis hasn't disappeared. The waiting is just painful as hell.
$Oracle(ORCL)$ Green at the close feels nice for once. My view on this stock is that it could reach $170-180 by end of October. December looks decent too, hoping for a stable $190+ level, and $210+ would be great, driven by earnings.
Nasdaq is up over 1.2% on the day and $Oracle(ORCL)$ gives up all its gains. Really... really... good grief. Still bullish, but come on, quit acting like a junk stock and get moving already.
$Oracle(ORCL)$ This looks like one of the biggest bargains on Wall Street. From where I stand, not investing now at this slashed 50% discounted rate just doesn't make sense. Stephen Cohen, who runs one of the most successful hedge funds, just got in at .72 and bought a few hundred thousand shares.
$Oracle(ORCL)$ If you understand market psychology, you will understand why we dipped there. It was profit takers and desperate bag holders selling because they no longer believe in the company. Once those people have sold all their shares, there is nowhere to go but up. You think that 8% pop was retail? No, that was smart money paying attention after the leaked Anthropic documents claimed hundreds of billions are being devoted to hyperscalers, including Oracle. BTMFD