Does anybody think this spike in stock is justified? Anybody?
7 replies (most recent on top)
Its a bubble. PE of 40+ ???? Unsustainable.
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O is down about $40 from its high yesterday. Still up from Tuesday.
Yes
There is a lot of money chasing AI. That is one main reason the stock popped. The others are momentum traders who are chasing returns and a short squeeze situation when investors who are short the stock buy calls to cover or limit their losses.
Nah, not by this margin. It's just a promise on top of a bubble. Selling compute is low margins. However, stock will continue to rise for several months until it becomes apparently clear this promise won't be fulfilled or th whole AI bubble bursts. Yesterday I started unloading shares, and will continue doing it in spikes, until I get rid of most of them hopefully before it goes crashing down. I will keep some stock forever just for very long term investment since I got most of it for free.
Oracle is doing something new.
They will either soar, or sink.
Yes. And it’s likely moving higher. People that tell you otherwise are just sorry they missed out.