Why did Oracle stock jump today?

A Buy upgrade from DA Davidson and renewed optimism around Oracle’s AI infrastructure, including the OpenAI Oracle deal, drove the move. Stronger risk appetite across tech helped too. Higher volume suggests both short covering and fresh buying after a weak stretch for software. Follow-through will depend on earnings and AI-related updates.

Is Oracle stock today still in a downtrend?

Yes, the price remains below the 50-day and 200-day moving averages despite the bounce. RSI near 48 shows neutral momentum, and ATR indicates elevated volatility. Bulls need sustained closes above key averages and improving cloud metrics to confirm a trend change. Until then, risk controls are important.

How should Canadian investors think about currency and taxes?

Oracle trades in USD, so CAD returns include FX effects. U.S. dividends often face withholding; RRSPs can reduce this under the treaty, while TFSAs typically cannot. Check your broker’s FX conversion costs, consider Norbert’s Gambit for large sums, and plan position sizes with currency swings in mind.

What key dates and metrics should I watch next?

Watch March 9, 2026 for earnings. Focus on cloud revenue growth, AI infrastructure commentary, margin trends near 30%, and capital spending plans. Also track volume on up days, progress toward the 50-day average, and any updates to the OpenAI Oracle deal that could strengthen long-term demand.

Global Market Insights

ORCL Stock Today: February 10 – Upgrade, OpenAI optimism fuel 10% jump

ByDanny Kontos February 10, 2026February 10, 2026

Oracle stock today jumped about 10% after DA Davidson upgraded the shares to Buy, citing renewed confidence in the OpenAI Oracle deal and AI infrastructure demand. Shares of ORCL traded near $156.61 USD as volume surged. For Canadian investors, the move hints at a broader software stocks rebound and a reset in AI expectations. Below, we explain what changed, the key numbers from today’s tape, how the setup looks ahead of March 9 earnings, and practical next steps for a CA portfolio.