The battle of clouds between Oracle Corp (NYSE:ORCL) and Salesforce Inc (NYSE:CRM) is reaching new altitudes, propelling both stocks into the stratosphere on the back of the AI surge.
But who holds the upper hand? Let’s delve into the figures, recent maneuvers, and key takeaways for investors.
Oracle’s Strategic Gambit: Malaysia’s Cloud Coup
Oracle has been showcasing its prowess in the cloud arena, witnessing a 20% spike in its stock price over the past month, with a remarkable year-to-date surge of 61%, driven by robust growth in cloud infrastructure services. The recent ace up its sleeve?
A bold $6.5 billion bet to establish a public cloud hub in Malaysia—outrunning Amazon.com Inc’s $6.2 billion AWS blueprint. Oracle’s aggressive foray aims to seize the burgeoning demand in Malaysia for AI, data, and analytics, potentially marking one of the most substantial tech investments in Southeast Asia.
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From a technical standpoint, Oracle’s stock displays robust bullish signals, trading at $167.71, comfortably above its eight-day, 20-day, and 50-day moving averages. Nevertheless, a hint of selling pressure advises cautious steps for those eyeing short-term gains.
Yet, with ambitious revenue targets of $104 billion by the end of FY2029, Oracle is playing the infinite game.
Salesforce: Empowering with GenAI
On another front, Salesforce refuses to remain stagnant. The stock has soared by 12.67% in the past month, propelled by its innovative AgentForce platform, being acclaimed by analysts as matching strides with Microsoft Corp’s GenAI.
Piper Sandler even upped Salesforce’s rating to Outperform, setting a price target of $400. AgentForce, tailored for sales, marketing, and service workflows, has the potential to expand Salesforce’s Total Addressable Market (TAM) by an astounding $3.2 trillion.
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Salesforce’s stock echoes bullish technical signals, trading at $279.48, comfortably above its eight-day, 20-day, and 50-day moving averages, underlining strong buying momentum.
The Verdict?
Both Oracle and Salesforce stand as AI-driven colossi, hungry for the cloud, with ample room for growth. Oracle’s audacious strides in Asia provide it with a global footprint, while Salesforce’s GenAI aspirations position it for dominion in enterprise software.
Investors eyeing the cloud and AI realm should keep both on their radars—but Oracle’s global ventures and optimistic long-term vision may give it an edge over Salesforce’s innovative but short-term victories.
The burning question: Who will emerge as the reigning overlord of the cloud? Let’s watch as the AI saga unfolds.
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