By Kaustubh Bagalkote
Publication Date: 2026-05-05 14:19:00
Nasdaq futures rose 0.79% while S&P 500 futures gained 0.52%.
Defense agreement creates momentum
Massive hyperscaler spending forecasts
Wall Street dismisses OpenAI risks
Despite the recent market volatility, investors remain optimistic. Michael Monaghan from Founder ETFs said Bloomberg that the market is “underestimating Oracle’s role in AI infrastructure.”
He says investors are overreacting to noise surrounding OpenAI.
Laffer Tengler Investments analyst Nancy Tengler Concerns about Oracle’s debt were dismissed. She pointed to the company’s historical ability to manage leverage.
Critical Levels to Watch in ORCL Stock
Oracle is trading 10.4% above its 20-day SMA ($165.83) and 17.3% above its 50-day SMA ($156.12), continuing the interim trend upward from the April swing low.
At the same time, it remains 13.6% below the 200-day SMA ($211.98). The longer-term backdrop is mixed: the 20-day SMA is above the 50-day SMA (bullish), but the January death cross (50-day SMA below…)