JPMorgan: Oracle Stock Price Is Overly Discounted
BlockBeats News, March 6th, JufuRay analyst wrote in a report that investors are overlooking the upside potential of Oracle (ORCL.N). The analyst stated that despite Oracle's core software business maintaining high profitability and the resilient optimism in artificial intelligence, the company's stock price has dropped by about 36% from its September peak. In addition, according to sources familiar with the matter, due to cost increases resulting from AI data center expansion, this cloud computing provider plans to lay off thousands of employees across various departments. Oracle's stock price rose 1% in pre-market trading. (FX678)
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