Oracle Stock Is the Top U.S. Search as the Austin-Based Tech Giant Holds Its Investor Day
Searches for 'oracle stock' lead the nation on Wednesday as Oracle — headquartered in Austin — faces investors at Oracle AI World with a $664 billion backlog, new chip deals with Google, Nvidia and Cerebras, and one big question: how it pays for the AI buildout.
The most-searched term in the United States on Wednesday is a stock — and it belongs to a company headquartered in Austin. 'Oracle stock' sits at the top of the Google Trends U.S. listing on this run, with more than 2,000 searches, as Oracle holds its Investor Day on Wednesday, October 28, at its Oracle AI World event, a meeting the company announced on October 23.
The stock has been climbing into the day. Oracle shares rose 4 percent to over $130 as the company expanded its partnerships with OpenAI and Nvidia, FX Leaders reported, and gained 3.5 percent on Tuesday after a string of AI chip announcements, according to TipRanks: expanded deals with Nvidia, OpenAI and Snowflake, a new partnership with Cerebras, and an agreement under which Oracle will be the first major cloud provider outside Google to offer Google's custom Tensor Processing Unit chips to customers. The Motley Fool put the shares at $130.77, up 0.18 percent, as of 12:40 p.m. Eastern on Wednesday, and noted that 36 of 45 analysts rate the stock a buy.
Analysts set the stage earlier in the week. Bernstein reiterated an Outperform rating and a $325 price target on October 27, centered on possible upside to Oracle's financial targets, Quiver Quantitative reported, and Barclays reiterated an Overweight rating and a $252 target on October 26, pointing to faster cloud infrastructure growth and the company's backlog. That backlog is the heart of the bullish case: Oracle's most recent quarterly release showed revenue up 30 percent, cloud revenue up 62 percent, cloud infrastructure revenue up 121 percent and remaining performance obligations — contracted business not yet delivered — of $664 billion.
The skeptics are asking about the bill. FX Leaders noted that concerns about infrastructure costs and debt persist, with $136 as a resistance level the stock has yet to clear, and TheStreet framed Wednesday's test bluntly: investors want Oracle to put its own number on the funding gap behind its data-center buildout and show who fills it, rather than announce more chip deals. For Austin — where Oracle keeps its headquarters and a major campus — the answer matters well beyond the ticker: the company's AI construction pace is one of the largest technology stories in the city.
