Oracle Stock Predicted to Rally Post-October 16 AI Event Despite Profitability Concerns
Oracle delivered a seismic market shock in early September, reporting Remaining Performance Obligations of $455 billion—a 359% year-over-year surge that triggered a 36% single-day stock price rally. CEO Safra Catz called the fiscal Q1 results "astonishing," though shares have since retreated 7.5% amid profit-taking and AI margin concerns.
The spotlight now shifts to Oracle's AI World event in Las Vegas, where investor Adria Cimino anticipates renewed momentum. "Oracle stock, which has slipped over the past few weeks, may soar after Oct. 16," the 5-star analyst predicts, despite The Information's report highlighting thin 16% gross margins on major compute deals.