Oracle Stock Skyrockets on $300B AI Cloud Deal — Wall Street Eyes $400 Upside
Oracle’s recent moves – mega cloud contracts, ambitious AI plans, and heavy capex – have re-ignited its growth story, but they also raise big questions. The company is counting on a boom in AI demand (from OpenAI and others) to fuel revenue growth and justify its high valuation ts2.tech ts2.tech. In the short term, technical traders point to support around the high-$270s and resistance near $300. Option-market indicators even suggest ORCL could revisit ~$354 by year-end (an ~18% rise) if the bull case prevails webull.com. Conversely, a failure to deliver on its promises could send ORCL back toward the $270s