Oracle's stock price has fallen to a 52-week low, which could instead be an opportunity to enter a position?

This cloud computing giant has recently faced a wave of falls: it has dropped 36% from its peak in September to now. But the story behind it is quite interesting —

**Backlogged orders have piled up like a mountain**
Oracle's latest financial report shows that RPO (Remaining Performance Obligations) surged by 359% to $455 billion. This indicates that the company holds a large number of pending orders, effectively securing revenue growth for the next few years. The company predicts that revenue will reach $225 billion by 2030, with an average annual growth rate of 31%.

**What is the market worried about?**
Investors mainly have two concerns:
1. Debt accumulation - on the books debt of 111 billion USD vs cash of 11 billion, plans to raise another 3.8 billion USD to expand AI infrastructure.
2. OpenAI Risk - That $300 billion 5-year deal accounts for a large portion of RPO, and the market is concerned whether OpenAI can afford the bill.

**But this may be an overreaction**
OpenAI's ARR has reached $10 billion this year, up from $5.5 billion last year. The CEO expressed confidence in expanding to hundreds of billions by 2030. Moreover, Oracle is not solely relying on OpenAI—its multi-cloud database business surged 1529% in Q1 and is currently building 37 new data centers.

Conservatively estimated, if Oracle maintains its current price-to-earnings ratio and reaches $21 EPS in 5 years, the stock price is expected to soar to $672—more than three times the current price.