Oracle shares rally as analysts push back against growing bearish sentiment

Oracle (NYSE:ORCL) rose more than 5% at the opening bell on Wednesday after analysts at Deutsche Bank and HSBC issued supportive notes, arguing that the recent selloff — sparked by worries about AI spending and uncertainty surrounding the company’s partnership with OpenAI — was overblown. Deutsche Bank said that despite growing concerns over Oracle’s AI infrastructure commitments, it was “the bear case.” […]