On July 15, Oracle rose 3.86% in regular trading, trading at approximately $131.09 per share, with turnover of $5.87 billion. The rebound comes after the stock hit a 14-month low in the prior session.
On the news front, intelligent data infrastructure company NetApp and Oracle announced the launch of a new fully managed cloud storage service that natively integrates enterprise-grade NetApp storage into Oracle Cloud Infrastructure. The service targets demanding AI and enterprise workloads and is currently in preview with select customers, with general availability planned within the next 12 months. The partnership is viewed as a positive signal for Oracle's AI cloud ecosystem execution.
The announcement arrives amid heightened investor concerns over Oracle's debt burden and execution risks tied to its $300 billion OpenAI data center collaboration, which recently triggered an S&P downgrade to BBB-. The NetApp partnership provides a tangible demonstration of Oracle's ability to attract enterprise partners and monetize its cloud infrastructure beyond a single large customer dependency.
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