There's a group of short sellers over in Hong Kong. If the short positions aren't squeezed, there will only be a rebound, not a reversal.
Oracle Gets Bullish Wedbush Rating
Oracle (ORCL) saw a rise in premarket trading after Wedbush initiated coverage with an Outperform rating and a $225 price target, highlighting its growing role in AI infrastructure. Analysts noted Oracle's partnerships with OpenAI and Nvidia, and its strong demand backed by contracts. They emphasized the capabilities of Oracle Cloud Infrastructure for AI workloads and reported a 531% year-over-year increase in multi-cloud database revenue. With $553 billion in remaining performance obligations, investors are keen to see if Oracle can convert this backlog into revenue while managing capital spending and cash flow.
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