TradingKey – On November 11, Eastern Time, Oracle (ORCL) shares rose 10%, reclaiming the $130 mark. Recently, uncertainties surrounding returns on AI investments and the competitive landscape of the software industry have continued to weigh on Oracle’s stock price. However, Bernstein believes the market has underestimated the value of its AI data centers and core database business, assigning an Outperform rating and a $325 price target.

Investors are most concerned about whether massive data center investments can generate sufficient profits and how much longer the company will need to continue raising capital. Bernstein pointed out that Oracle’s disclosed business economics exceeded the firm’s prior expectations. According to…