The $500 Billion Reason Wells Fargo Thinks Oracle Stock Can Gain 40% from Here

Legacy software stocks can seem boring to growth hunters, but their cash-rich businesses and strategic pivots often produce big payoff moments. Wells Fargo just made that case for Oracle (ORCL), initiating coverage at “Overweight” after tallying nearly $500 billion in AI-related deals with partners such as OpenAI, xAI, Meta (META), and TikTok. The bank projects Oracle Cloud Infrastructure (OCI) could expand to roughly 16% of the cloud market by 2029, up from about 5% in 2025. The projection is driven by m ...