If You Invested $1,000 In Oracle Stock At IPO, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Oracle Corporation (NYSE:ORCL) hit all-time highs this week after reporting record full-year revenue of $50 billion, driven by strong growth in its cloud segment. The company is also launching new artificial intelligence products to capitalize on the growth of the segment. A $1,000 investment in Oracle at its IPO in 1986 would be worth $1,302,113.10 today.
June 13, 2023 | 5:42 pm
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Oracle's record full-year revenue of $50 billion and strong growth in its cloud segment have driven its stock to all-time highs. The company is also launching new AI products to capitalize on the growth of the segment.
Oracle's record revenue and strong growth in its cloud segment have driven its stock price to all-time highs, indicating a positive short-term impact. The company's plans to launch new AI products also show its commitment to capitalize on the growing AI segment, which could further boost its stock price in the short term.
CONFIDENCE 90
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RELEVANCE 100