Prof Brendan Kelly, psychiatrist and professor of psychiatry at Trinity College Dublin; Antoinette Moriarty, psychotherapist and director of solicitor services at the Law Society of Ireland; and Dr Moira Kennedy, principal psychologist…
A geomagnetic superstorm is one of the most extreme forms of space weather, created when the Sun sends enormous bursts of energy and charged particles toward Earth. These powerful events rarely occur, typically appearing only once every 20-25…
A geomagnetic superstorm is one of the most extreme forms of space weather, created when the Sun sends enormous bursts of energy and charged particles toward Earth. These powerful events rarely occur, typically appearing only once every 20-25…
We recently published 10 Stocks Jim Cramer Talked About. Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer discussed.
Like CoreWeave, Oracle Corporation (NYSE:ORCL) also provides computing infrastructure to AI software firms. However, unlike CoreWeave, Cramer has started to discuss the firm almost daily. The CNBC TV host’s comments about Oracle Corporation (NYSE:ORCL) revolve primarily around the firm’s remaining performance obligations (RPOs). The shares, which were up 97% year-to-date at one point, have trimmed the gains to 26% since early September. Oracle Corporation (NYSE:ORCL)’s stock had soared after the firm revealed in its fiscal Q3 earnings that its RPOs stood at an unbelievable $455 billion. While Cramer was initially stunned by the announcement and commented on September 10th that “I couldn’t believe it when I heard it. I thought they were making this stuff up,” he has gradually formed an opinion since then.
“Oracle’s (ORCL) a Legitimate Question,” Says Jim Cramer
During this appearance, he discussed Oracle Corporation (NYSE:ORCL) after co-host Carl Quintanilla mentioned a WSJ report about the firm never having given up gains this large this fast and being the most indebted company with an investment grade rating:
“The Oracle, look Oracle’s a legitimate question, I felt better about OpenAI after last night.”
While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
“We used to walk a total of 14 miles to the dancehall and back, in a group of girls.”
“I met a girl at a dance in Limerick, and she missed the bus home so I had to walk her home to Shanagolden and then walk back home to Foynes. I arrived…
As Mercury and Venus are moving toward an alignment in Scorpio, it’s fun to drop hints, or talk in riddles like an Egyptian sphinx or Gandalf or Yoda or even a troll under the bridge. Maybe it makes us feel wise to mix up the logic now because…
British gambling companies spent an “astronomic” £2bn on advertising and marketing last year, according to a new estimate that has intensified calls for the chancellor to increase taxes on the sector.
Bookmakers, online casinos and slot machine companies spent the sum through a mixture of print and digital promotions, as well as affiliate programmes, where third parties are paid to steer gamblers towards particular operators in return for a fee.
The figure, produced by the leading media insights group WARC, far outstrips the £1.2bn that the Treasury collected last year from online casino companies.
Media industry sources said the total spent on gambling advertising is likely to be hundreds of millions of pounds higher because it is difficult to accurately measure the actual amount of digital marketing spend.
That means that the true figure could be close to, or even higher than, the £2.5bn raised last year by the three main duties that the industry pays, which also include taxes levied on slot machines and sports bets.
The chancellor, Rachel Reeves, is under pressure from thinktanks, MPs and former prime minister Gordon Brown to raise these duties at Wednesday’s budget, as she attempts to raise funds to shore up the ailing public finances.
The Betting and Gaming Council (BGC), an industry group that has lobbied hard against any such move, disputed WARC’s estimate, claiming that industry ad spend was closer to £1bn.
This estimate is significantly less than a 2018 figure of £1.5bn given by Regulus Partners, a consultancy favoured by the gambling industry.
As Reeves considers whether to raise gambling duties – and by how much – the higher estimate fuelled calls to ignore industry warnings about the potential impact of a tax rise.
Meg Hillier, the chair of the influential Treasury select committee, said the industry’s spending undermined claims made by its lobbyists, in an occasionally tense evidence session with her committee, that tax rises could have devastating consequences for jobs and growth.
She said: “Unfortunately, the fact that we are told the existence of gambling firms is on a financial knife-edge while they simultaneously plough billions into advertising does not come as a surprise.
“During our session with the BGC, we were warned that any increase in gambling taxation could lead to 40,000 job losses.
“It’s important that the government does not cave into this industry scaremongering.”
Alex Ballinger, a Labour MP who has campaigned for tougher regulation and taxation of gambling companies, said the £2bn figure was an “astronomic sum”.
“Perhaps gambling firms should think about cutting back on adverts that nobody wants to see before pushing back against paying fair taxes on their vast profits particularly given the harms they cause,” he said.
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However, leading gambling industry analyst Alun Bowden, of Eilers & Krejcik Gaming, said that any reduction in advertising spend might have unintended consequences, helping illicit operators to gain more of a foothold in the UK market.
“Marketing spend is the main way to mitigate costs and would be the first thing to be cut [if taxes rise], but there is a reason for marketing spend in the first place,” he said.
“If you reduce advertising spend significantly then you give more parity to black market operators who are increasingly spending more on SEO [search engine optimistation], affiliates, streamers and social media.”
James McDonald, the director of intelligence at WARC, said: “The gambling sector has grown to become a significant force in the advertising market, spending more than industry stalwarts such as automotive and cosmetics in recent years.”
“While TV spend is a major focus, social media platforms are also core to the sector’s marketing strategy.”
Will Prochaska, the director of the Campaign to End Gambling Advertising, said: “One would think that if the sector is asked to pay a bit more tax in the upcoming budget that they could cut back on their ad-spend rather than lay off all their employees in betting shops, or further reduce what they payout to customers, but that’s a choice for them.”
A BGC spokesperson said: “These claims are misleading as the betting and gaming industry spend on advertising, excluding lotteries, is around £1bn, and has actually declined over recent years.
“Crucially, 20% of all broadcast and digital advertising is dedicated entirely to safer gambling messaging, a voluntary commitment made by the UK industry.
“Further tax rises would simply drive more consumers towards the growing black market that offers no age checks, no safer gambling tools and no tax contribution, while undermining advertising spend that differentiates the regulated market that supports over 11,000 jobs, contributes £506m to the UK economy, and provides £138m a year to British sport through sponsorship.”
