Oracle's Stock Dip: A Buying Opportunity?

Mizuho analysts, despite Oracles stock dip following CoreWeaves earnings, maintain a positive outlook. They attribute the markets reaction to a temporary supply chain issue specific to CoreWeave, not Oracle. Oracles data center expansion in Texas is on schedule, and the strong demand for AI computing, with CoreWeaves backlog increasing by 85% year over year, supports Oracles potential for revenue growth. Mizuho keeps their Outperform rating and price target of $400 per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.