OpenAI’s reported revenue figures have added another layer of uncertainty to the AI trade.
I’m keeping Oracle (ORCL) on my watchlist as the market reassesses AI infrastructure spending and future growth expectations.
ORCL recently rebounded to $141.71 after trading as low as $136.24, with $143.04 as the 24-hour high.
The key question now is whether buyers can sustain this recovery. I’ll be watching price action around the $143 area before considering any move, rather than assuming one green session confirms a trend reversal.
The bigger picture matters too. OpenAI’s reported annualized revenue of around $50B has renewed questions about AI valuations, but one revenue report alone doesn’t tell the whole story about long-term demand.
I’m watching how the market responds next.
Not financial advice. Always DYOR.
I’m keeping Oracle (ORCL) on my watchlist as the market reassesses AI infrastructure spending and future growth expectations.
ORCL recently rebounded to $141.71 after trading as low as $136.24, with $143.04 as the 24-hour high.
The key question now is whether buyers can sustain this recovery. I’ll be watching price action around the $143 area before considering any move, rather than assuming one green session confirms a trend reversal.
The bigger picture matters too. OpenAI’s reported annualized revenue of around $50B has renewed questions about AI valuations, but one revenue report alone doesn’t tell the whole story about long-term demand.
I’m watching how the market responds next.
Not financial advice. Always DYOR.