On September 16, Oracle rose 3.16% in regular trading, trading at approximately $144.56/share, with turnover of $7.93 billion. The stock had previously fallen for five consecutive trading sessions, accumulating a decline of roughly 13.6%.
On the news front, the U.S. cloud computing services sector rallied broadly during the session after NEBIUS and CoreWeave were confirmed for inclusion in the Nasdaq 100 index, lifting sector sentiment. CoreWeave surged over 5% and NEBIUS gained over 3%, with Oracle following the sector-wide rebound. Earlier, Oracle had been weighed down by multiple headwinds including the launch of a new round of layoffs with double-digit percentage cuts in some teams, total restructuring costs climbing to approximately $2.8 billion, and Morgan Stanley flagging structural gross margin pressure from the rising share of cloud infrastructure revenue. Morgan Stanley maintained its Neutral rating and $210 price target, noting that AI infrastructure margins and free cash flow conversion remain key variables for valuation improvement.
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