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Oracle’s selloff offers a chance to buy an ‘upper-echelon’ growth stock for cheap: analyst
Oracle shares have been battered as investors worry about the company’s debt levels and whether OpenAI will follow through on its commitments, but some analysts now see a buying opportunity.
“The selloff in the shares has brought investor expectations to levels that better reflect the uncertainty and risks of Oracle’s transition to a capital-intensive business,” Oppenheimer analysts led by Brian Schwartz said in a Wednesday note to clients.