Oracle Corp. could emerge as yet another beneficiary of the artificial-intelligence mania, according to a new bull.
Oracle Corp. could emerge as yet another beneficiary of the current artificial-intelligence mania, according to a new bull.
Wolfe Research’s Alex Zukin upgraded Oracle’s ORCL stock to outperform from peer perform over the weekend, writing of his optimism about the company’s Oracle Cloud Infrastructure business, which could double its market share by calendar 2025, in his view, “on the backs of architectural advantages, partnerships” and tailwinds related to generative AI.
Oracle is due to report fiscal fourth-quarter results after Monday’s closing bell, but Zukin said his upgrade isn’t a call on the upcoming results.
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