Jim Cramer: Oracle Is the King of Data Centers and Fastest Growing

Jim Cramer made a bold call on Mad Money: “Oracle has made itself the king of the data center. It’s the fastest growing in the space.” That’s a strong statement, but the numbers behind it are hard to argue with.

Oracle (NYSE:ORCL) has quietly transformed from a legacy database company into one of the most aggressive cloud infrastructure builders on the planet. The proof is in the pipeline: Remaining Performance Obligations surged 438% year-over-year to $523 billion in Q2 FY2026. That’s not a growth rate. That’s a statement of intent.

The fastest-growing piece of the business? It’s not even close. Oracle’s multicloud database business grew 817% in Q2, and Co-CEO Clay Magouyrk put it plainly:

“Our Multicloud database business is our fastest growing business — up 817% in Q2.”

Oracle is building 72 multicloud datacenters embedded within Amazon, Google, and Microsoft clouds, and has over 211 live and planned cloud regions worldwide, more than any competitor. That’s the “chip neutrality” strategy in action: Oracle runs wherever the customer wants to run, which is why hyperscalers are signing contracts, not competing with them.

The stock hasn’t reflected this yet. ORCL is down about 22% year-to-date, sitting at $151.56, well below the analyst consensus target of $253.08 and the 52-week high of $344.21. The post-earnings slide came after Q2 revenue of $16.06 billion missed estimates by roughly 5%, even as EPS of $2.26 beat by over 32%. The market punished the miss and the heavy capex. But that capex is exactly what builds the moat.

Cramer’s broader data center thesis extends to the picks-and-shovels layer. He flagged Broadcom, Micron, and Nvidia as direct beneficiaries of renewed data center enthusiasm. Nvidia just reported data center revenue of $62.31 billion, up 75% year-over-year. Broadcom posted AI chip revenue of $8.40 billion, up 106% year-over-year.

Even on the power side, GE Vernova is riding the wave. Cramer noted GEV rallied and gave him hope that the data center theme “continues unabated.” The company reported a record $150 billion backlog, with gas turbine demand explicitly driven by data center electricity needs.

The tension here is real: retail sentiment on Oracle is deeply bearish right now, with Reddit sentiment scores hitting 18 out of 100. But the institutional picture tells a different story, with 26 buy ratings and just one sell from Wall Street analysts. The divergence between retail sentiment and institutional analyst ratings — 26 buys and just one sell — reflects the ongoing debate over whether Oracle’s heavy capex will ultimately pay off in the data center race.