Barclays analyst Raimo Lenschow notes that Nvidia (NVDA) published a blog this morning announcing that Oracle (ORCL) has deployed thousands of Nvidia Blackwell GPUs for agentic AI and reasoning models and the firm views the announcement positively for two reasons. First, it could help to drive revenue momentum in Q4 and beyond. Second, it shows that Oracle is not far behind the other players such as CoreWeave (CRWV) and Microsoft (MSFT) for this move, showing the technology progress at OCI, according to the analyst, who maintains an Overweight rating and $202 price target on Oracle shares.
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