Reported 2 days ago
Jim Lebenthal, a partner at Cerity Partners, announced on CNBC that he is trimming his position in Oracle Corp after enjoying a 150% return over 2.5 years. While he remains optimistic about Oracle's strong cloud growth amid rising AI demand, he believes in the need for liquidity during the earnings season to capitalize on potential buying opportunities. Despite selling, he maintains a positive outlook for the company, which reported strong fiscal results and continues to invest heavily in cloud infrastructure.
Source: YAHOO