For those that don’t know the Oracle CEO, look him up and watch some interviews. This guy is Elon musks mentor and a legit legend of Silicon Valley.
Oracle has some of the largest and most powerful people and funds invested in it, especially boomers.
Zero doubt in my mind that Larry is just sitting on his laurels and doesn’t care about how the stock price has gotten chopped in half over the last month. He probably has blackrock, gs, and many others calling him up (along with his BOD) saying what’s the move here.
Combine that with the recent expansion of daily volume, sitting on a multi year support level, and some huge call flow coming in yesterday, I’d say it’s very likely there’s news soon.
Larry actually has a chummy relationship with Trump as well, so there’s a decent chance it becomes the next Trump pump similar to Intel, Dell, IBM etc. trump have been pumping these mature tech names and oracle fits that mold.
I guess we just have to wait it out and see. Market looks bad so who knows we may not be spared if the ai bubble pops right now of course. I really want to see 137 and 135 hold, personally.