buy or sell before its Q1 earnings?
Oracle stock price has pulled back in the past few weeks, moving from a high of $260 in July to $232 today. This performance could change this week as Larry Ellison’s company publishes its financial results.
Oracle stock has benefited from the AI boom
Oracle share price has done well in the past few months, helped by the ongoing AI tailwinds. Its stock has jumped by over 97% from its lowest level in April this year.
The company has become a major player in AI, as evidenced by its participation in Stargate, the $500 billion project in collaboration with Softbank, OpenAI, and MGX. The project will see the company build large data centers in the United States. It recently announced a $30 billion deal with OpenAI.
Oracle has become a…
