Oracle Corp. (NYSE:ORCL) has become one of Wall Street’s biggest artificial intelligence winners, landing massive cloud infrastructure contracts as enterprises race to secure AI computing capacity. But according to Gil Luria, managing director and head of Technology Research at DA Davidson, investors have repeatedly misjudged the company’s AI opportunity.
Speaking on The Real Eisman Playbook, walked through Oracle’s roller-coaster valuation over the past year, arguing that while investors first became overly enthusiastic about its AI prospects, they have now swung too far in the opposite direction by assigning no value to its massive backlog of contracted AI compute revenue.
