Oracle Secures $300 Billion Deal with OpenAI, Stock Surges 36%
- AI Strategic Breakthrough: Oracle's agreement with OpenAI for approximately $300 billion in computing power rental positions OpenAI as its largest customer, further solidifying Oracle's standing in the AI market.
- Stock Surge: Following the announcement, Oracle's stock jumped nearly 36% on September 10, marking the third-largest single-day gain since its 1986 IPO, adding $89 billion in market value and reflecting strong market confidence in its AI strategy.
- Leadership Changes: After the executive transition, Oracle's stock has fallen about 30% this quarter, indicating a mix of challenges and opportunities for the company, particularly in the increasingly competitive AI landscape.
- Financial Pressure: Despite a revenue backlog of 359%, Oracle has yet to break into Gartner's top five cloud infrastructure providers, highlighting the pressure on its market share and the potential for future growth.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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