Oracle's Stock Surge Driven by AI and Major Backlog, Experts Say
Originally Published 4 months ago — by Yahoo Finance
Oracle's stock has nearly doubled this year, reaching a record high after reporting strong quarterly results driven by booming demand for AI infrastructure, a large backlog, and new multibillion-dollar contracts. Wall Street analysts are highly optimistic, raising their price targets and expecting the company's AI initiatives and upcoming product unveilings to sustain its growth trajectory.