Oracle Rally Fueled by Morgan Stanley Target Lift as AI Cloud Bets Extend to CoreWeave

Morgan Stanley's price-target upgrade for Oracle sparks a roughly 5% morning surge in ORCL, with CoreWeave rising about 3% as AI cloud infrastructure names gain; Oracle's Q4 FY2026 results showed Cloud Infrastructure revenue up 93% year-over-year to $5.79 billion and RPO up 363% to $638 billion, and management reiterated a $90 billion FY2027 revenue target while guiding to $8.05 in non-GAAP EPS and financing its plan with about $40 billion of debt/equity in FY2027 amid negative free cash flow. The rally reflects AI infrastructure sentiment, though Oracle remains down year-to-date and investors will watch its next earnings release for confirmation; CoreWeave's backlog and capex intensity echo Oracle's growth trajectory, highlighting upside but also capital-expenditure risk.