Wedbush analyst Steve Koenig raised his price target for Oracle to $56 from $55 and maintained a Neutral rating following the company's Q2 results, saying he attributes the revenue miss to database license headwinds from a Q1 tech sales reorganization. The analyst says that he is more convinced of Oracle's progress in cloud applications than cloud infrastructure, as management's expectations for revenue acceleration continue to be dashed by lumpy quarterly performance and relatively flat infrastructure performance, but he remains on the sidelines looking for meaningful progress in rebooting database growth on a more sustained basis.

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."