Jim Cramer Says "Oracle Might Be Overspending on Data Centers"

Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer recently offered insights on. Cramer noted that the company has a “tremendous track record,” as he commented:

“Oracle might be overspending on data centers, I would argue it definitely is, but worst case, they can sell some stock and offer a whole lot of corporate bonds. And remember, they have a tremendous track record… The hyperscalers, except for Oracle, have so much cash.”

Oracle Corporation (NYSE:ORCL) provides cloud software, database technologies, and hardware solutions for enterprises. The company offers various solutions, including Oracle Fusion and NetSuite applications, infrastructure services, and data management tools supporting AI, analytics, and automation across industries. Cramer talked about the company during the September 10 episode, as he said:

“Oracle, which shot up a stunning 36% today. That’s a monumental move. Now, I want you to think of it like this. Let’s say you like the stock of Oracle, okay? Do you know that if you had bought, say, let’s do this, 10 shares of Oracle at its lowest close in April, putting to work roughly $1,200, it would now be worth almost $3,300? Do you know that’s a 167% return in less than five months? An individual stock gave you that bang for your buck in less than half a year. Think about what a difference that could make in your life. Oh, and can you imagine if you had more money than that to put to work? It could change your life… And this is not some fly-by-night speculative operation you’ve been buying.

It is one of the largest software companies on earth. It’s almost a trillion dollars. I mentioned that remarkable Oracle move, largely based on a forecast about gigantic data center growth that the company gave you on last night’s astonishing earnings call, and…. I mean, I couldn’t believe it when I heard it. I thought they were making this stuff up. It was incredible…”

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Disclosure: None. This article is originally published at Insider Monkey.