Billionaires Steven Cohen and Israel Englander Bet on Oracle as Next AI Winner

Friday, 3 May 2024, 10:55
Discover how billionaires Cohen and Englander are pivoting from Nvidia to Oracle, steering towards AI tech giants for long-term growth and profitability. Oracle's cloud infrastructure business is on the rise, witnessing demand exceeding supply as it secures major deals and expands globally. Find out why turning your attention from Nvidia to Oracle could be a strategic move backed by experienced investors.
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Billionaires Steven Cohen and Israel Englander Bet on Oracle as Next AI Winner

The Shift from Nvidia to Oracle

Forget Nvidia as billionaires Cohen and Englander focus on a potential AI winner - Oracle. Cohen decreased his Nvidia shares by 66% and opened a new position in Oracle. Englander also increased his holdings in Oracle by 138%.

Oracle's Cloud Infrastructure Expansion

Oracle's cloud revenue grew 49% with its focus on AI demand, surpassing total license support revenue. The company offers cheaper and versatile cloud options, attracting users with multicloud services.

Demand vs. Supply Dynamics

Oracle's Gen2 cloud is in a 'hypergrowth phase' to meet increasing demand, expanding globally and integrating acquisitions like Cerner for sustained growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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