We're buying more shares of this emerging AI company on shortsighted weakness

Revenue gains from AI are coming, providing us confidence in management's ability to deliver on its fiscal 2026 financial goals.

We're buying 75 shares of Oracle at roughly $103 each. Following Monday's trade, we will own 725 shares of ORCL, increasing its weighting in the portfolio to 2.72% from 2.45%. Oracle shares were up about 1% on Monday after falling 6% on Friday in reaction to the company's AI Executive Forum event. Many analysts were upbeat about Oracle's broader artificial intelligence opportunity.

mountain Oracle YTD Still, the company noted strong demand for its AI services. On the company's Sept. 11 earnings call, Chairman and CTO Larry Ellison pointed out that AI development companies had signed contracts to purchase more than $4 billion of capacity in Oracle's Gen 2 cloud. When CEO Safra Catz appeared on "Mad Money" a week later, she pointed out that in the first week of the new quarter, the company booked another $1.5 billion just in AI workloads.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Samsung SDI to supply EV batteries to Hyundai Motor starting 2026South Korea's Samsung SDI (006400.KS) said on Monday it will supply Hyundai Motor (005380.KS) with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies.
Read more »

Samsung SDI to supply EV batteries to Hyundai Motor starting 2026Samsung SDI to supply EV batteries to Hyundai Motor starting 2026
Read more »

FMC Corp.’s stock drops on revenue warning as company launches cost structure reviewSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »

FMC Stock Tumbles on Revenue Warning Ahead of EarningsThe crop protection company cited lower sales in Latin America as a reason for lowering estimates.
Read more »

NBA posts record season for sponsorship revenueThe NBA landed a record $1.66 billion in sponsorship revenue during the 2022-23 season, 1.3% more than the previous year, according to IEG, the leading authority on sports sponsorships.
Read more »

Victoria's Secret Is Getting SlammedVictoria's Secret hopes returning to its 'sexy' image will help plummeting stock prices and increase revenue.
Read more »