Oracle's stock price jumps 3.9% after major cloud contract announcement

Oracle Corporation (NYSE:ORCL) saw a 3.9% increase in its shares after announcing a major cloud contract. CEO Safra Catz stated that things are better than expected, leading to a jump from $110 to $223. Jim Cramer noted the stock’s growth and strong fundamentals, with billions in data center orders boosting its performance.

Despite Oracle’s success, some believe other AI stocks offer higher returns. Investors looking for a cheap AI stock with potential can explore alternative options. Oracle’s strong performance and positive outlook make it attractive, but other AI stocks may offer greater upside with limited downside risk.

Read more at Yahoo Finance: People Are Buying For Something They Shouldn’t Be, Says Jim Cramer