New York, Feb 10, 2026, 10:39 (ET) — Regular session
- Oracle shares picked up more steam, building on their rebound after an upbeat analyst note linked the rally to surging cloud demand tied to OpenAI.
- Oracle Fusion apps just got another boost: new AI “agents” have landed, adding to the recent streak of product launches.
- Opinions among traders remain divided over funding, cash-flow pressures, and just how quickly AI infrastructure will start paying off.
Oracle shares climbed 3.4% to $161.92 in early Tuesday trading, extending a two-day rally as new Wall Street commentary reignited interest in the company’s OpenAI-related cloud expansion. The stock opened at $159.98 and touched $162.07.
This matters for Oracle right now, as the company’s turned into a kind of stand-in for a messier debate in big tech: who’s footing the bill—and on what timeline—for the massive, energy-hungry data centers fueling the AI surge. Companies touting AI’s promise yet leaning on shareholders and bond markets for capital have found themselves out of favor with investors.
Oracle just got a bump from D.A. Davidson’s Gil Luria, who moved the rating up to “buy” and slapped a $180 target on the stock. Luria, in a note picked up by MarketWatch, argued that Oracle Cloud Infrastructure stands out for straight “pure upside” potential. He highlighted OpenAI’s sharper focus and the possibility of as much as $100 billion in fresh funding on top of the $40 billion OpenAI already controls. Another piece: Oracle’s 15% stake in a U.S. TikTok JV, which Luria valued at $5 billion to $9 billion, with the potential to funnel around $1 billion a year into OCI’s top line. On the flip side, he didn’t ignore Oracle’s sizable debt—about $130 billion—and the company’s plan to tap markets for up to $50 billion more in 2026. 1
Luria dialed back his stance after what he called an “overshot” selloff, according to Investors.com. Oracle shares ripped 9.6% higher Monday, closing at $156.59—the strongest single-day gain since a 35% spike in September 2025, when it revealed a hefty OpenAI cloud backlog. Still, even with the recent rally, the stock sits far under its old high of $345.72, Investors.com pointed out. 2
Oracle is still getting new products out the door. On Tuesday, the company announced it’s introducing a set of role-based AI agents for Oracle Fusion Cloud Applications, targeting tasks in marketing, sales, and service. The “agents” — software that can handle repetitive work, set off workflows, and recommend next steps by digging into company data — mark another push into automation. “Organizations are transforming slow, reactive sales, marketing, and service processes into proactive and intelligent workflows,” said Chris Leone, Oracle’s executive vice president of Applications Development, in a statement. 3
The financing story won’t go away. Alphabet jumped in with a $20 billion bond offering on Monday, right after Oracle’s $25 billion note sale was disclosed Feb. 2, according to Reuters. The biggest cloud players are turning more to debt as they push to ramp up data-center buildouts. “Much of the pricing … needs to be redone and reanalyzed,” said Karthik Nandyal, co-founder at CredCore, highlighting the way AI is changing the economics of software. 4
Some analysts aren’t convinced by the recent uptick. On Monday, Melius Research cut Oracle to “hold” from “buy,” sticking with its $160 target. The firm argued Oracle “doesn’t generate cash” and suggested that “value may be absorbed by debt and new stock issuances for a while,” per an Investing.com report. Their note also highlighted doubts over OpenAI’s ability to pull ahead of competitors like Anthropic and Google. 5
Bulls face a tricky setup here: headlines might spark a quick rerating, but the numbers still come down to capex and cash flow. Misses—whether that’s a sluggish customer ramp, funding tightening up, or a heftier equity raise—would hit the share price right away.
Traders are eyeing the upcoming U.S. data releases that could shift expectations for rate cuts—and with that, impact high-multiple tech valuations. January’s nonfarm payrolls lands Wednesday, Feb. 11, while the January CPI is set for Friday, Feb. 13, according to Reuters. 6
