As noted earlier, RBC Capital upgraded Oracle to Outperform from Sector Perform. As reasons for the upgrade, the firm cited its increased confidence in the company's cloud growth and its belief that the fundamentals of the company's database business can improve over the next 12-18 months as 12C adoption accelerates. Target to $50 from $48.

Oracle Corporation Japan "announced that it plans to invest more than $8B over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's footprint across Japan. In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel. Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region. This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions."