Oracle Stock Is Down 44% in the Last 9 Months. Is This a Buying Opportunity, or Is More Downside Ahead?
Key takeaways
- ORCL NVDA The prevailing views on Oracle (NYSE: ORCL) stock remain relentlessly negative.
- Although its stock has begun to recover from the 52-week low, Oracle is still down 44% from its peak.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ORCL NVDA The prevailing views on Oracle (NYSE: ORCL) stock remain relentlessly negative. After the stock s brief spike last September, investors turned on the company because its massive backlog is partially backed by a $300 billion deal with Chat GPT parent Open AI, and many investors continue to question whether that company can meet the terms of its contract with Oracle.
Although its stock has begun to recover from the 52-week low, Oracle is still down 44% from its peak. Consequently, the question for investors is whether the pullback makes Oracle a buy or whether they should remain negative on the cloud stock.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »