Oracle stocks bounced as software shares continued to recover and the company expanded a capacity deal with Bloom Energy.
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Oracle
’s stock jumped 5% on Tuesday as software shares rebounded for a second session and the company broadened its capacity deal with Bloom Energy
Bloom shares soared 20%.
The rally built on Monday’s broad bounce in software stocks, which boosted Oracle nearly 13%. ServiceNow
Oracle has lost more than a fifth of its value this year on AI disruption concerns.
Oracle's outlook was better than expected, leading many analysts to lift their price targets on the stock.
The cloud giant is on pace for its best day since 1999, and is now quickly approaching the $1 trillion market cap benchmark
Oracle has become one of the biggest beneficiaries of the AI infrastructure boom, with its shares up 75% so far in 2025.
One analyst fretted that much of Oracle's planned business expansion comes from a single client: OpenAI.
The tech giant has invested huge sums in the AI infrastructure buildout in recent times
