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Oracle Stock Soars on AI-Driven Demand, Analysts Bullish on Continued Growth
Oracle Stock Soars on AI-Driven Demand, Analysts Bullish on Continued Growth
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Oracle shares surged 36% to a record high of $328 following stellar quarterly results, fueled by explosive demand for its AI infrastructure services. The company's backlog skyrocketed to $455 billion—a fourfold increase year-over-year—signaling sustained momentum in cloud computing and artificial intelligence.
Wall Street analysts from Deutsche Bank, Bank of America, and Citi rushed to raise price targets, citing Oracle's unique positioning in the AI arms race. "Few quarterly results match this magnitude of revision," noted Deutsche Bank, emphasizing Oracle's dominant infrastructure role. The stock has nearly doubled year-to-date as institutional investors anticipate June's AI product unveiling.
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