Oracle (ORCL) Stock Is Down 50%. The Selloff Looks Overdone as AI Momentum Builds
The single most important number in the Oracle story may be remaining performance obligations (RPO). That figure reached $553 billion , up 325% year-over-year. Investors can reasonably debate how fast that converts into revenue, but they can no longer say Oracle has a demand problem.Those growth rates make it harder to argue that Oracle is simply dressing up a mature business with AI language. The business mix is changing quickly, and management is confident enough to point to roughly $67 billion in revenue ...