Larry Ellison Once Dismissed Cloud as 'Complete Gibberish'—Now He's Developing It for Elon Musk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 07 2025
0mins
Should l Buy ORCL?
Source: Benzinga
Larry Ellison's Initial Dismissal of Cloud Computing: In 2008, Oracle's co-founder Larry Ellison criticized cloud computing as "complete gibberish," expressing skepticism about its value and the idea of entrusting critical operations to remote servers.
Transformation into a Cloud Leader: Over the years, Ellison has shifted his stance, leading Oracle's significant transition into cloud services, making the company a key player in the cloud-driven economy and a major provider of resources for AI projects.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 195.610
Low
180.00
Averages
309.59
High
400.00
Current: 195.610
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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