We are buying 50 shares of Oracle (ORCL), at roughly $105.18 apiece.
Following Wednesday's trade, Jim Cramer's Charitable Trust will own 775 shares of ORCL, increasing its weighting in the portfolio to 3% from 2.82%.
Looking ahead, investors are waiting on the cloud industry to hit an inflection point and return to accelerating growth.
Notably, Oracle stock is still trading a few dollars lower than the level it reached ahead of the company's AI Executive Forum event on Oct.19.
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Persons:
Jim Cramer's, Jim Cramer, Jim, Erik Isakson
Organizations:
Oracle, ORCL, Software, Microsoft, Amazon, Google, Nvidia, Devices, CNBC, DigitalVision, Getty