Oracle Corporation saw a positive response from investors during Wednesday's trading following the release of its third-quarter financial results. Investor Joe Terranova suggested that the stock's decline may have reached its conclusion.

The chief market strategist at Virtus Investment Partners stated on Wednesday that the earnings report "strengthened the premise of company stability." He pointed out that the stock has stabilized since hitting a low on February 5th, after having fallen more than 58% between September and early February.

Terranova said, "This report gives you a degree of confidence that the company does indeed have the cloud execution capability to move forward with its $50 billion capital expenditure plan." Previously, Oracle's stock had declined due to concerns over rising debt levels used to fund its artificial intelligence infrastructure build-out. Terranova added, "Looking ahead, there are certainly some questions. But I do think some of the big storm clouds that this enterprise was seeing... are starting to clear."

Despite Oracle's stock rising more than 8% on Wednesday, it remains down over 50% from its 52-week high.