Jim Cramer says Oracle stock buyers are ‘like meme buyers'

Group 1 - Oracle's stock has surged nearly 32% in pre-market trading, reaching $318, following a report of $455 billion in remaining performance obligations, a 359% year-over-year increase driven by AI-related cloud contracts [1][6][7] - Investor interest is primarily fueled by Oracle's cloud infrastructure business, with revenue expected to increase by 77% this fiscal year to $18 billion from $10 billion, and forecasts suggest potential growth to $144 billion in four years [6][7] - Wall Street analysts have turned bullish on Oracle stock, impressed by the company's latest earnings and the significant market revaluation, with Oracle's market value projected to rise by about $200 billion [6][7] Group 2 - Jim Cramer noted that institutional traders are behaving unusually, likening their buying behavior to that seen during the Gamestop mania, indicating a potential meme-stock trading pattern [3][4] - The buying frenzy for Oracle shares has not extended to suppliers like Nvidia or AMD, raising concerns about the broader AI supply chain's ability to benefit from Oracle's growth [4]