Jim Cramer says Oracle stock buyers are ‘like meme buyers'

Oracle (NASDAQ: ORCL) stock has exploded on Wall Street, but CNBC’s Mad Money host Jim Cramer believes the frenzy has the hallmarks of meme-stock trading.The surge comes as Oracle reported a staggering $455 billion in remaining performance obligations, a 359% year-over-year increase fueled largely by AI-related cloud contracts.As a result, the stock spiked nearly 32% in pre-market trading on Tuesday to$ 318. ORCL shares had closed the previous session at $241, up about 1.2%.ORCL one-week stock price chart. ...