Jim Cramer on Oracle: "This One's a Total Pain Point Ever Since It Decided to Go All in on Building Data Centers"

Oracle Corporation (NYSE:ORCL) is one of the stocks on Jim Cramer’s game plan. Cramer said that it is the “most important company reporting” in the week, as he commented:

After the close, wow, big one, Oracle reports. This one’s a total pain point ever since it decided to go all in on building data centers. The plan was hatched back when the stock was in the low $100s, then it soared to $345 as we learned that Oracle had huge orders to build data centers all over the country, including a gargantuan one from OpenAI. But when Oracle took down a gigantic amount of debt to do the buildout, investors started getting worried, and the stock’s now been more than cut in half since then.

It’s no exaggeration to say that Oracle’s the most important company reporting next week. We need to hear that the data centers’ buildout’s going well and the company’s starting to make money, or maybe soon. I don’t know. I wouldn’t mind if they sold that Cerner, that medical records business they bought, even if they got less money than they paid for it.

Hey, you know what? Hey, why not get the full skinny on what’s really going on at that Oracle mega data center place that they’re doing with OpenAI in Abilene, Texas? A lot of chatter about how OpenAI may not want to do more at that site. I don’t know. I want to find out more. I want Oracle to tell me because I’ve gotta tell you, the story that appeared this afternoon that there might be trouble did knock down all the hyperscalers and all the semis in a beleaguering last hour of trading. I don’t know, may not be true.

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations.

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