Up 100% in 6 Months, Is Oracle Stock Still Attractive?

Core Insights - Oracle's stock has increased by 100% over the past six months, driven by a surge in demand for Oracle Cloud Infrastructure (OCI) due to artificial intelligence workloads [1] - The company's remaining performance obligations (RPO) reached $455 billion, a 359% increase from the previous year, indicating strong future revenue visibility [3] - Oracle's total revenue for the first quarter of fiscal 2026 was $14.9 billion, an 11% year-over-year increase, surpassing the previous year's growth rate [4] Cloud Revenue Performance - Total cloud revenue, including applications and infrastructure, rose by 27% to $7.2 billion [5] - Cloud infrastructure revenue surged by 54% to $3.3 billion, building on a 46% increase from the same period last year [5] - Consumption revenue increased by 57%, while cloud database services expanded by 32% to nearly $2.8 billion in annualized revenue [5] Multi-Cloud Strategy - The multi-cloud database business experienced a remarkable revenue increase of 1,529% as Oracle integrated its database technology into AWS, Azure, and GCP [6] - Oracle has 34 multi-cloud data centers operational across major platforms, with plans for 37 more, enhancing its competitive position in AI infrastructure [6] - The strategy of embedding OCI capabilities into other major cloud ecosystems is proving effective [2]