Wells Fargo initiated coverage on Oracle (ORCL) with an Overweight rating and a $280 price target, highlighting the company's nearly $500 billion in artificial intelligence deals with major players like OpenAI, xAI, and Meta. The bank's analysts project that Oracle's Cloud Infrastructure (OCI) is poised to capture approximately 16% of the cloud market by 2029, a significant increase from its 5% share in 2025. This optimistic outlook is underpinned by Oracle's success in securing large-scale AI infrastructure projects. Wells Fargo noted that Oracle's ability to handle complex AI workloads and its high-margin software business create a powerful combination for future growth, potentially driving a flywheel of adoption between its infrastructure and application layers.