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Jim Cramer says this legacy tech stock is the 'star of the show' in AI. Here's what to expect from its earnings

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Oracle's (ORCL) quarterly results Monday evening should brighten the spotlight on the Club holding's still-under-the-radar artificial intelligence capabilities.

Wall Street sees Oracle earning $1.15 per share on revenue of $12.47 billion in its fiscal 2024 first quarter, according to estimates compiled by LSEG, formerly known as Refinitiv. That would represent 11.65% growth in EPS on an annual basis and about 9% topline growth. Oracle shares are trading near their all-time closing high of $126.55 on June 15. The stock has gained more than 50% in 2023.

An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019.

 

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