Bill Gross warns on gold momentum as regional bank stocks tumble
Investing.com -- Oracle’s (NYSE:ORCL) analyst day in Las Vegas reportedly showcased a sweeping expansion of its artificial intelligence strategy, with analysts from Citi and KeyBanc highlighting accelerating momentum in both infrastructure and applications.
Citi said the event reflected “a positive tone shift,” citing strong partner feedback and “confidence in OCI against its competitors.”
The firm noted “improved momentum in sovereign demand internationally, Fusion applications, and Cloud Databases from hyperscalers,” adding that Oracle is “rapidly scaling into a credible hyperscaler/GPU-cloud player.”
According to Citi, “multiple reference AI customers highly praised OCI’s differentiation,” emphasizing its “bare metal capabilities and rapid innovation.”
It added that Oracle’s “AI Data Platform” and “AI Agents in Fusion” were gaining traction, while cloud spending from AI companies “is already beginning to ramp to a $30 billion trajectory within a few years.”
Meanwhile, KeyBanc analysts said Oracle is “quickly spreading AI across the entire waterfront of software and beyond,” quoting one partner who remarked, “Oracle is not a software company anymore, it’s a technology company.”
The firm said Oracle’s “housing and history in dealing with vast amounts of enterprise data” gives it a distinct advantage and pointed to the “energy” at AI World as evidence of a growing “halo effect.”
KeyBanc noted that Chairman and CTO Larry Ellison “believes AI is the most powerful technology created,” and that Oracle is well positioned “through training and reasoning on Oracle’s valued private data.”
The firm added that he said Oracle’s new AI database platform lets customers “connect GenAI models with enterprise data” in a secure environment.