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CLSA initiated coverage of Oracle with a Hold rating, citing concerns about the significant costs required to fund the company's aggressive artificial intelligence expansion plans. The analyst assessment suggests that Oracle's AI investments may strain its financial resources and returns for shareholders.
This article first appeared on GuruFocus.CLSA placed a Hold rating on corporate software and cloud computing company Oracle (ORCL, Financials) for concerns about the cost of funding its ambitious artificial intelligence expansion.CLSA analyst Bhavtosh Vajpayee predicts Oracle would need…
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