Oracle Corporation ($ORCL) Stock Forecast: Up 6.6% Today

What is Oracle Corporation?

Oracle Corporation (NYSE: ORCL) is a cloud and database giant that has been quietly gaining momentum in the large-cap tech sector, despite being overshadowed by companies like Nvidia and Meta Platforms in the AI space.

Why is Oracle Corporation going up?

ORCL stock is up 6.6% on Sep 13, 2024 13:35

• Oracle's bullish movement today can be attributed to its steady climb in the tech sector, outperforming expectations and gaining investor confidence.
• The acknowledgment of Advanced Micro Devices (AMD) gaining ground in the AI chip market by an Oracle executive might have also boosted ORCL's stock, indicating potential collaborations or positive industry trends.
• While other tech giants like Nvidia and Meta dominate the headlines, Oracle's consistent performance and growth in the cloud and database segments are finally getting the recognition they deserve, leading to today's bullish movement.

ORCL Price Chart

ORCL News

Oracle Quietly Gains Momentum While Nvidia, Meta Dominate AI Spotlight - Oracle ( NYSE:ORCL )

While Nvidia Corp and Meta Platforms Inc META have dominated the headlines with their AI advancements, Oracle Corp ORCL is making a quiet but impressive climb. The cloud and database giant has been one of the best performers in large-cap tech this year, trailing Nvidia, yet ahead of Meta.

https://www.benzinga.com/trading-ideas/long-ideas/24/09/40852561/oracle-quietly-gains-momentum-while-nvidia-meta-dominate-ai-spotlight

Adobe, RH And 3 Stocks To Watch Heading Into Friday - Adobe ( NASDAQ:ADBE )

With U.S. stock futures trading slightly lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects SelectQuote, Inc. SLQT to report a quarterly loss at 15 cents per share on revenue of $272.95 million before the opening bell, according ...

https://www.benzinga.com/news/earnings/24/09/40847203/adobe-rh-and-3-stocks-to-watch-heading-into-friday

JPMorgan Eyes Market Share Gains In Swiss Corporate Banking - JPMorgan Chase ( NYSE:JPM )

JPMorgan Chase & Co. JPM aims to expand its Swiss corporate banking business and plans to leverage blockchain services to attract new clients. The company currently has over two dozen active customer relationships and plans to significantly expand in this segment, reported Reuters.

https://www.benzinga.com/markets/equities/24/09/40833786/jpmorgan-eyes-market-share-gains-in-swiss-corporate-banking-report

The Zacks Analyst Blog Highlights Oracle, Morgan Stanley, Palo Alto and Monarch Cement

Oracle, Morgan Stanley, Palo Alto and Monarch Cement are included in this Analyst Blog.

https://www.zacks.com/stock/news/2334985/the-zacks-analyst-blog-highlights-oracle-morgan-stanley-palo-alto-and-monarch-cement

AMD Gains Ground in AI Chip Market, Oracle Exec Confirms Growing Demand: Report - Advanced Micro Devices ( NASDAQ:AMD )

Advanced Micro Devices, Inc AMD client Oracle Corp ORCL acknowledged the chip designer gaining traction in the data center chip market for artificial intelligence despite Nvidia Corp's moat.

https://www.benzinga.com/news/24/09/40820316/amd-gains-ground-in-ai-chip-market-oracle-exec-confirms-growing-demand-report

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Oracle Corporation Price History

13.08.2024 - ORCL Stock was up 6.6%

• Oracle's bullish movement today can be attributed to its steady climb in the tech sector, outperforming expectations and gaining investor confidence.
• The acknowledgment of Advanced Micro Devices (AMD) gaining ground in the AI chip market by an Oracle executive might have also boosted ORCL's stock, indicating potential collaborations or positive industry trends.
• While other tech giants like Nvidia and Meta dominate the headlines, Oracle's consistent performance and growth in the cloud and database segments are finally getting the recognition they deserve, leading to today's bullish movement.

10.08.2024 - ORCL Stock was up 11.2%

• Oracle's stock (ORCL) experienced a strong bullish movement today.
• The bullish trend can be attributed to Oracle's better-than-expected first-quarter financial results, with earnings per share and revenue surpassing Wall Street estimates.
• The announcement of a partnership with cloud rival Amazon.com Inc (AMZN) also contributed to the positive sentiment around Oracle.
• Analysts' optimistic price forecasts, such as a price target increase for ORCL from $165 to $180, further fueled the bullish momentum in the stock.

10.08.2024 - ORCL Stock was up 10.3%

• Oracle's stock witnessed a strong bullish movement recently.
• The stock saw a surge of over 8% in pre-market trading after the announcement of robust first-quarter results and key partnerships with Google Cloud and AWS.
• Analysts increased the price target for Oracle Corporation from $165 to $180, reflecting positive sentiment towards the stock.
• The company surpassed analysts' consensus with first-quarter earnings per share of $1.39, contributing to the upward momentum in the stock price.

10.08.2024 - ORCL Stock was up 9.5%

• Exceeded Wall Street expectations in fiscal first-quarter results, with revenue and earnings surpassing estimates.
• Partnership announcement with Amazon.com Inc likely boosted investor confidence in Oracle's cloud services and strategic initiatives.
• Analyst upgrades and a raised price target for Oracle also contributed to the bullish sentiment, indicating positive market sentiment and future growth potential for the company.
• Support provided to Guardian's finance operations transformation showcases Oracle's continued efforts to expand its client base and enhance its offerings, further solidifying its position in the market and driving investor interest in the stock.

05.08.2024 - ORCL Stock was up 2.5%

• Oracle's stock had a strong bullish movement despite closing slightly lower in the most recent trading session, indicating overall positive sentiment.
• Analysts view Oracle favorably, suggesting the stock is a buy, which likely influenced the bullish movement.
• Oracle's long-term investment potential is recognized, indicating that holding the stock for an extended period can result in substantial returns.
• Recent news developments such as Elon Musk's lawsuit against Media Matters and Salesforce's strong Q2 results did not directly impact Oracle's bullish movement today.

12.05.2024 - ORCL Stock was up 11.9%

• ORCL stock surged by nearly 12% today.
• The positive market movement is attributed to Oracle's recent AI partnerships with OpenAI and Google, which helped offset a slight miss in its fiscal fourth-quarter earnings.
• Despite the weaker-than-expected financial results, Oracle's optimistic guidance and new cloud infrastructure deals with Alphabet and OpenAI have sparked investor excitement, resulting in a significant increase in the stock price.
• The market's enthusiastic response to Oracle's strategic alliances and growth in cloud infrastructure revenue reflects investor confidence in the company's future prospects and its standing in the AI market.

12.05.2024 - ORCL Stock was up 12.1%

• ORCL stock witnessed a notable 12% increase subsequent to unveiling AI collaborations with OpenAI and Google, which helped counterbalance a slight shortfall in its fiscal fourth-quarter earnings.
• Despite posting earnings below expectations, positive remarks about Oracle's AI-centric business and optimistic projections contributed to heightened investor enthusiasm.
• The surge in Oracle's stock price can be attributed to the positive outlook on the company's recent cloud infrastructure agreements with Alphabet and OpenAI, underscoring its dedication to innovation and expansion.
• In conclusion, the bullish momentum in Oracle stock underscores investor trust in the company's strategic alliances and its promising position in the technology sector.

12.05.2024 - ORCL Stock was up 10.7%

• Today, Oracle's stock saw a significant increase of almost 12%. The surge was influenced by several key factors:
• Oracle's recent AI partnerships with OpenAI and Google, highlighting its dedication to innovation and expanding its technological capabilities.
• Despite falling short of expectations in its fiscal fourth quarter, the market reacted positively to Oracle's strategic collaborations and future outlook.
• The market's optimistic outlook on Oracle was further supported by its partnership expansions with Microsoft and Google, which are anticipated to drive cloud revenues in the coming years.
• Strong quarterly financial results and year-over-year revenue growth from Oracle boosted investor confidence and propelled the stock price upwards.

12.05.2024 - ORCL Stock was up 12.0%

• Oracle's strong bullish movement is driven by the exciting earnings season and positive analyst insights, as the company's quarterly results exceeded expectations despite a revenue miss.
• Cloud infrastructure deals with tech giants like Microsoft, OpenAI, and Google have also played a role in the stock's record high, demonstrating Oracle's strategic partnerships and growth potential in the AI space.
• The overall bullish market sentiment, accompanied by U.S. equities hitting record highs and a softer-than-expected inflation report, likely provided further support for Oracle's surge, reflecting general market optimism and investor confidence in the tech sector.

09.06.2024 - ORCL Stock was down 3.0%

• The announcement of Palantir's Foundry Platform and Artificial Intelligence Platform being available on Oracle's cloud deployment options could have led to increased investor interest in Palantir (PLTR) over Oracle, causing a bearish movement in ORCL stock.
• The global cybersecurity market's projected growth to reach $298 billion by 2028 due to escalating cyber threats and the need for advanced security solutions might have shifted investor focus towards cybersecurity companies like Palantir, impacting Oracle's stock negatively.
• Palantir's recent positive performance, with shares up 20% and breaking out to the upside, could have further attracted investors away from Oracle, contributing to the bearish movement in ORCL stock.

09.06.2024 - ORCL Stock was down 2.5%

• Despite recent collaboration efforts with Palantir on cloud and AI innovations, Oracle's stock (ORCL) saw a decline in value today.
• Following initial concerns about a potential U.S. ban of TikTok, Oracle's stock price has since rebounded, demonstrating resilience amid external uncertainties.
• The performance of Oracle's stock today may have been influenced by broader market trends or internal factors not explicitly mentioned.
• Investors are advised to monitor Oracle's future developments and market dynamics to make well-informed decisions regarding the stock's performance.

02.07.2024 - ORCL Stock was down 5.2%

• Oracle (ORCL) closed at $137.51 today, reflecting a -1.39% change from its previous close.
• The recent announcement of Oracle expanding its AI offerings with new Nvidia GPU instances might have worried investors about potential increased competition in the AI market.
• Investor focus on other AI stocks that could potentially outperform Nvidia could have shifted sentiment away from Oracle, leading to the bearish movement.
• The overall market sentiment towards Oracle could have been influenced by news of a more significant dip compared to the broader market, contributing to the bearish movement in the stock price.