The analysis focuses on Oracle (ORCL). Oracle's stock experienced a 25.5% price decline over the past month, underperforming the AI index. A major reason for this is the company's balance sheet and debt incurred for AI infrastructure projects. The company is planning to take on $38 billion in debt to build data centers. Despite growing demand for Oracle's services from large customers like OpenAI, concerns exist regarding the company's ability to fund expansions with $38 billion and maintain profit margins. Intrinsic value per share is calculated at $293.64, current market price is $198.76 which makes the stock look undervalued. Oracle has hundreds of billions of dollars in order backlog and is operating in an industry with high demand relative to supply. The analysis updates and reiterates a buy recommendation for Oracle stock.