Jim Cramer Says Oracle “Can Get Lots of Takers for Its Product”

ORCL -1.47% OPAI.PVT

Oracle Corporation (NYSE:ORCL) is one of the stocks that received Jim Cramer’s latest comments. Cramer mentioned the company during the episode and said:

“Now, maybe OpenAI has a revolutionary version of its own product in the works. I, for one, would never write them off. Nor would I say that this news is definitely bad for Oracle, their biggest business partner. I think that Oracle, which builds data centers better than anyone, can get lots of takers for its product. It doesn’t just live or die depending on OpenAI, but it has taken on a lot of debt. Still, if your business is hanging on ChatGPT, it just became more precarious. How about that?”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations. In addition, it provides hardware, consulting, and support services. During the November 18 episode, Cramer highlighted the company borrowing a significant sum to build data centers, as he commented:

“Now, co-founder, chairman, and CTO, Larry Ellison, who is brilliant and tough, is back in the driver’s seat. He’s going full tilt. He’s pushing all of his chips, putting, everything’s going to be on AI here… and Wall Street clearly feels a lot worse about that idea than it did just a couple of months ago.

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Disclosure: None. This article is originally published at Insider Monkey.