Oracle Corporation is trading at $243.51 (+7.85%) after Wedbush analyst Dan Ives named the company a top hyperscaler pick and added it to his bullish AI stock list.
- The rally extends the strong upward momentum following the stock's technical breakout on May 29.
- Gains are supported by continued strength across the AI sector and selective risk appetite in a mixed market.
- The move appears driven primarily by analyst enthusiasm and AI optimism, as no new earnings or company-specific guidance was released.