Oracle Rallies as Morgan Stanley Raises Price Target, CoreWeave Gains
Oracle (NYSE:ORCL) rose nearly 5% on Tuesday after Morgan Stanley raised its price target for the stock. The move reignited investor enthusiasm around AI cloud infrastructure names and also helped lift CoreWeave (NASDAQ:CRWV), which gained about 3%. Oracle's recent Q4 FY2026 results showed strong growth in Cloud Infrastructure revenue, with a year-over-year increase of 93% to $5.79 billion. Despite the rally, Oracle remains down nearly 14% for the year so far and is trading well below its 52-week high. Meanwhile, CoreWeave has gained over 28% this year as demand for GPU-based cloud infrastructure continues to grow. The broader market was slightly weaker on Tuesday with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) down by about 0.12%, highlighting that gains in AI-related stocks were outperforming.
Topics: AI cloud infrastructure CoreWeave Morgan Stanley Oracle price target raise