Oracle finally getting some AI love, stock rally ‘has legs,’ Barron’s says

Oracle is no slouch when it comes to cloud computing and AI. But the strength of the company’s position has only recently become clear to Wall Street, Eric J. Savitz writes in this week’s edition of Barron’s. Oracle continues to be a key provider of enterprise software applications and database software. Just this past week, the company announced new AI capabilities for some of its business apps. But the key driver for Oracle is now cloud computing-and the associated opportunity in artificial intelligence, the author notes. Despite a three-year rally in Oracle shares, the stock still looks cheaper on almost every measure than rival enterprise software companies, the publication adds.