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Jim Cramer Says “Oracle’s Good, But I Think There Are Others That Are Better”
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Oracle Corporation (NYSE:ORCL) is one of the stocks mentioned during the show, as we cover everything Jim Cramer said about the market. During the lightning round, a caller inquired about the stock, and here’s what Cramer had to say in response: Well, look, I mean, why take the risk?… It’s good, Oracle’s good, but I think there are others that are better. And the one that is better that I think is worth doing right now is NVIDIA. It’s down huge from its top, huge. Photo by Adam Nowakowski on Unsplash Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations. Cramer discussed the company’s latest quarter during the March 11 episode and said: So last night we got this tremendous quarter from Oracle that allowed the stock to pop 9% today, even as the market rolled over, and that was a very pleasant surprise… Oracle shot the lights out. Not only did they deliver a sizable top-line beat with 22% revenue growth, but every division posted better than expected sales except for hardware, which is their smallest unit… For at least the next 10 months, we won’t have to worry about the company piling one more debt to pay for its AI data center buildout. That’s a very big win… Hey, speaking of the backlog, Oracle mentioned that most of the increase in their remaining forms of obligation, their bookings, was “related to large scale AI contracts where Oracle does not expect to have to raise any incremental funds to support these contracts as most of the equipment needed is either funded upfront via customer prepayments so Oracle can purchase the GPUs, or the customer buys the GPUs and supplies them to Oracle”… I really like the flexibility of it… We recently discussed Guggenheim’s coverage of the stock. You can read about it here. While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.