Overview

• Mizuho reiterated an Outperform rating with a $350 target, calling a report on weak AI margins minimally additive and flagging next week's AI World/Analyst Day as a key catalyst.
• Baird initiated coverage at Outperform with a $365 target, arguing Oracle is well positioned to benefit from accelerating AI infrastructure spending and the shift from training to inference.
• Oracle disclosed a $455 billion remaining performance obligation and named contracts with OpenAI, xAI, Meta, Nvidia and AMD, underscoring its push to supply enterprise AI compute.
• The company operates 34 multicloud data centers across Azure, Google Cloud and AWS and plans 37 more by the end of fiscal 2026 to convert its pipeline into active workloads.
• Debate continues as The Information’s margin report knocked shares intra-day, Jim Cramer warned about possible overspending but cited long payback dynamics, and a venture investor questioned the reliability of expected OpenAI revenue.