Oracle Corporation (NYSE:ORCL | ORCL Price Prediction) stock is up 7% to $164.25 in Friday morning trading, following the company’s fiscal first-quarter earnings release after the close on Thursday. The reaction is Oracle’s sharpest single-session move to an earnings report in recent memory,

Sept 11 (Reuters) - Oracle shares rose 5.5% premarket on Friday after the cloud computing and software company's stronger-than-expected quarterly results eased concerns around its massive debt-driven spending spree.

Many major cloud companies have continued raising their AI spending forecasts as they race to build more data centers and expand AI capacity.

D.A. Davidson Head of Technology Research Gil Luria joins Julie Hyman on Market Catalyst to break down why he believes Oracle (ORCL) is "by far the most attractive AI cloud."

Meanwhile, Jefferies reiterated its Buy rating and $290 price target, highlighting Oracle's significant backlog.

Oracle has shed a third of its value while booking a backlog that no software company has ever matched, and the reason that gap exists is exactly what divides Wall Street right now.

Oracle (ORCL) has been a goliath in enterprise technology for decades. Lately, Oracle Cloud Infrastructure (OCI) has emerged as the primary growth engine because of the AI boom. Oracle just delivered a very solid quarter. Cloud infrastructure revenue grew ...