Watch These Oracle Price Levels as Stock Surges on Optimism About AI Joint Venture

Company and Industry Analysis - Oracle shares surged 7 5% to around $185 50 on Wednesday following a 7% gain the previous day driven by news of a joint venture with OpenAI and SoftBank to build AI infrastructure [2][4] - The joint venture named Stargate is expected to involve investments of up to $500 billion over the next four years aiming to strengthen American AI leadership and create thousands of US jobs [3] - Oracle's stock has risen nearly 70% over the past year supported by growing demand for its AI-integrated cloud and database offerings [4] Technical Analysis - Oracle shares broke out of a falling wedge pattern on Tuesday with the highest trading volume since early September signaling potential for further upward movement [5] - The relative strength index (RSI) has moved above the 50 threshold indicating improving price momentum but remains below overbought levels suggesting room for further price exploration [6] - Key overhead resistance levels to watch include $178 near the 50-day moving average and $196 near previous peaks from late November and early December [7][8] - Important support levels to monitor during pullbacks are $154 near the January swing low and $145 near multiple peaks from June to early September [9][10]