Oracle and how AI can save you in the future

Larry Ellison’s company doesn’t want him to miss the train he’s already left on several occasions recently, to avoid heavy payments for future company purchases, as has already happened. In fact, the company is trying to lead the way in the cloud in terms of artificial intelligence, waiting to publish its results, now in March.

Oracle also moves at that pace Identify new trends and possibilities offered by artificial intelligence And that it made a quantum leap, first with the formulas that ChatGPT put on the table for the general public, and then, after deepening the company that created it, Open AI, the macro agreement with Microsoft, which eliminated the sector and In order to greatly improve your search engine and your entire portfolio to the client in the medium term.

And it is that the company founded by Larry Ellison in his days does not want to lag behind in this field, as has already happened with others in recent years, which has reduced the work force, among other reasons. Information indicates that with this idea, At least six AI companies including Character.ai and Adept AI Labs, Completely dependent on Oracle for cloud computing, With reference That Oracle can actually run complex machine learning models cheaper than Google Cloud Or that industry leader Amazon Web.

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This dynamic can greatly benefit the companywhose aggressive buying practices, like Cerner’s two years earlier, were trying to Do not miss the train of innovations in the technology sector. Now he wants to take action on this matter in anticipation of events in the sector.

Additionally, Oracle, Business Insider notes, is moving its data and AI unit into its business in the cloud, which is the latest in the tech market and, as we’ve already mentioned at times, refocusing on health-related businesses, profitable post-pandemic. The post has made it to internal company emails and highlights that there, In its cloud operation called Oracle Cloud Infrastructure, it focuses on artificial intelligence priority areas of medical care, Especially after Cerner was bought for $28,000 million in December 2021 and approved by authorities last summer.

In the price chart, we see that value rose 2% in the past week with cuts of only 0.6% in the month and quarterly revaluations of 8.8%. So far this year, Oracle’s earnings are up 7.6%.

Regarding the economic situation, Oracle hints at an improvement in the creation of companies, because they consider that entrepreneurs are coping with the risks of inflation and recession By doubling throughput, using cloud technology, and pricing pressures, After a survey conducted in the UK. Globally, they estimate that bad times will not last as long as they first thought, especially in terms of creating new companies.

In another order of things, the company is about to report its most recent quarter results, which Zack analysts expect to post earnings per share of $1.19 per share, implying annual growth of 5.31%. In the case of income, net sales are expected to be 17.9% higher than the same period in the previous yearfor $12.390 million.

For the full year, the EPS forecast is $4.90, unchanged from the previous year and According to income, $49.740 million, up 17.1% from the previous year.

In terms of recommendations, from TipRanks we see that from the consensus I’ve gathered from 20 analysts, 12 have chosen to buy 7 to hold and another one to sell their stock in the market. It has an average price target of $97.63 per share, with a potential upside of 11%.

whilefrom Cowen, have overweighted the stock and set a price target of $96 per shareafter the agreement with Uber, which means the two companies are linked in the cloud for 7 years, With which you will migrate Uber to the Oracle Cloud division your core workload, Contract worth over $1,000 million And a big win over its big competitor, AWS, Amazon Web Service. A good omen, they say from Cowen, for the continued momentum of the cloud division, OCI.

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