Oracle Stock Could Double, Ives Says
Speakers
Dan Ives
— Managing Director, Wedbush Securities
Summary
Dan Ives of Wedbush discusses Oracle's potential to double due to AI monetization, Tesla's strategic AI CapEx, and the upcoming tech earnings season. He highlights that CapEx is not slowing and cloud growth acceleration will be key. He also dismisses near-term geopolitical concerns as contained.
- Dan Ives reinitiated coverage on Oracle with a $20 price target and says the stock could double as it monetizes AI.
- He believes the market underestimates Oracle's ability to manage debt and capture a large AI backlog.
- Ives views Tesla's $25B AI/robotics CapEx as necessary for its transformation into a physical AI company.
- He expects big tech CapEx to remain high and any slowdown would be negative in the AI arms race.
- Cloud growth acceleration is the key metric to watch in upcoming hyperscaler earnings.
- Ives thinks geopolitical risks are contained for now and won't be a major factor in near-term earnings.
- The video also previews a heavy earnings week with Microsoft, Meta, Alphabet, Qualcomm, Amazon reporting.
Trade Ideas
Oracle could double on AI monetization.
The street is underestimating Oracle's ability to monetize its AI backlog. Despite debt concerns, the debt is small relative to cash flow and the total addressable market (700-800 billion). Oracle will be a much bigger company in 2-4 years and the stock could double as AI monetization unfolds.
Tesla's AI CapEx is the right move.
Tesla boosting CapEx to $25B for AI and robotics is exactly what it needs to do. Tesla is not an auto company but a physical AI company focused on autonomous robotics. This investment is essential for its future over the next 5-10 years.
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