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Benzinga
Benzinga
Business
Henry Khederian

With Meta And Microsoft Boosting Capex, Oracle's (ORCL) Rally Points To Major AI Tailwinds

OracleDeerfield,-,Circa,June,2019:,Oracle,Corporation,Location.,Oracle,Offers

Oracle Corp (NYSE:ORCL) shares are trading higher Thursday morning as investors digest recent news highlighting the company’s aggressive push into artificial intelligence against a backdrop of strategic cost controls.

What To Know: Analyst optimism has been a significant driver for the stock over the past month, with Bernstein raising its price target to $308, projecting Oracle could become the fourth-largest global hyperscaler fueled by its cloud infrastructure growth.

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