By Ed Ballard

Oracle shares jumped 13% after the company reported strong demand for cloud computing to train and run artificial intelligence.

-- If Oracle holds onto its gains, it will notch its biggest one-day percentage gain since Sept. 10, when a new deal to provide computing power to OpenAI pushed its shares up 36%.

-- Since then, the shares have lost roughly half their value as the company's debt-fueled spending drew the attention of AI bears.

-- For analysts at JPMorgan, the stock has now fallen enough: They gave Oracle an "overweight" rating.

-- Still, the bank cautioned that Oracle's long-term financial targets, such as a goal of $225 billion revenue in its 2030 fiscal year, "call for a hockey-stick in revenue growth that may or may not be attainable."

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(END) Dow Jones Newswires

March 11, 2026 09:54 ET (13:54 GMT)

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