Wells Fargo sees Oracle as a potential leader in the “super-cycle” of AI with 40% upside potential.

There was a Oracle (ORCL) sharp pullback after the up-gap, despite the company not only delivering strong numbers but also closing a multi-billion deal with OpenAI. Remaining performance obligations (RPO) rose to $455 billion, an increase of 359% compared to the previous year, primarily from AI projects. Although the financing conditions are good, the market is concerned about the debt the company is taking on to expand its capacities. Deutsche Bank believes that the recent decline in the stock represents an attractive entry point. The company...