Bitget TradFi(@Bitget_TradFi):$ORCL surged +11.28% to $144.54 after its investor day, trading at approximately 17x forward earnings despite persistent concerns over AI infrastructure spending. Management reaffirmed its $225 billion FY2030 revenue target and projected over $30 billion in FY2029 free cash flow, strengthening confidence in its cloud expansion strategy. The $137–140 range, near its 200-day moving average, provides a key technical support zone.

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Bitget TradFi@Bitget_TradFi

2026.10.29 07:00

$ORCL surged +11.28% to $144.54 after its investor day, trading at approximately 17x forward earnings despite persistent concerns over AI infrastructure spending. Management reaffirmed its $225 billion FY2030 revenue target and projected over $30 billion in FY2029 free cash flow, strengthening confidence in its cloud expansion strategy. The $137–140 range, near its 200-day moving average, provides a key technical support zone.