ORCL is trading at $161.34 (+3.03%) as it extends gains from a recent 10% surge following a sell-side analyst upgrade.
- The upgrade highlighted Oracle's strategic OpenAI partnership and significant upside in its cloud infrastructure business driven by generative AI demand.
- Momentum is supported by an aggressive data center buildout and a broader recovery in technology stocks.
- Broader market sentiment remains positive, with the S&P 500 and Nasdaq rising 0.29% and 0.31% respectively.