Oracle Corporation (NYSE: ORCL) has been making waves in the stock market recently
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. As of today, Oracle’s stock price stands at $184.74, reflecting a 7.05% increase from the previous day
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. This surge is largely attributed to the announcement of a groundbreaking $500 billion artificial intelligence infrastructure project called Stargate, which involves Oracle, OpenAI, Nvidia, and SoftBank
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The Stargate project aims to establish the United States as a leader in artificial intelligence by investing heavily in AI infrastructure over the next four years
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. This initiative is expected to create over 100,000 American jobs and has been described by President Donald Trump as a venture that will keep technology and AI “made in the USA”
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. The market has responded enthusiastically to this news, with Oracle’s stock chart showing a significant uptick
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Oracle’s stock has been trading in the range of $152.42 – $173.37 over the past month, and the current pre-market price of $187.41 places it near the upper boundary of this trajectory
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. Analysts have set price targets for Oracle’s stock, with some predicting further upside potential
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. For instance, Cantor Fitzgerald initiated coverage with a Buy rating and a price target of $214, projecting a 14.38% upside
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Oracle Corporation, founded in 1977, is known for its cloud technology and enterprise software
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. The company has evolved with technology, focusing on database software and cloud applications
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. Oracle’s cloud infrastructure platform is reliable for enterprises looking for scalable solutions, and its partnership with TikTok and Microsoft Azure has increased its customer base
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The recent surge in Oracle’s stock price is also a result of the company’s financial growth and strategic acquisitions
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. Oracle’s CEO Larry Ellison’s vision has helped the company stay competitive in the fields of artificial intelligence and cloud computing
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. The company offers various products such as databases, ERP solutions, and cloud infrastructure, which have set it apart from its competitors
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While Oracle’s stock is currently experiencing strong upward momentum, investors should remain cautious of near-term volatility, especially as prices approach resistance levels
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. However, for those taking a long-term view, Oracle’s involvement in the Stargate initiative and its strategic importance in the AI boom present significant upside potential
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For more detailed information and updates on Oracle
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