Oracle (NYSE: ORCL) has seen dramatic swings in its stock price over the past year, dropping nearly 55% from its all-time high last September. Despite this, the company aims to become a millionaire maker by projecting its cloud revenue to surpass even Amazon Web Services by 2030.

Oracle is heavily investing in its cloud infrastructure, hoping to challenge the dominance of Amazon, Microsoft, and Alphabet. However, the company’s debt burden and risky strategy raise concerns among investors about the potential success of this aggressive move.

The success of Oracle’s cloud ambitions hinges on the realization of projected revenue from remaining performance obligations (RPO), with over $300 billion tied to OpenAI. Oracle’s strategy involves significant spending on data centers to convert backlog into revenue, but the company’s increasing debt levels are causing further strain on its balance sheet.

Investors seeking a safer bet in cloud computing and AI may consider Microsoft or Amazon over Oracle. With Oracle’s third-quarter fiscal 2026 earnings approaching, investors need to closely monitor the company’s spending plans, free cash flow situation, and progress towards reducing debt.

The Motley Fool’s Stock Advisor team has not included Oracle in their list of top 10 stocks to buy now. The historical success of their recommendations, such as Netflix and Nvidia, highlights the potential for significant returns. With a total average return of 889%, Stock Advisor has outperformed the S&P 500, making it a valuable resource for individual investors.

Read more at Yahoo Finance: Is Oracle Stock a Millionaire Maker?