Oracle Corp (Oracle (ORCL)) shares are having a good day Thursday, up more than 6% after the company announced it's deepening its artificial intelligence partnership with Alphabet Inc.'s (Alphabet (GOOGL)) (Google (GOOG)) Google Cloud. The move is part of a broader tech rally — the Nasdaq is up 2.66%, the S&P 500 has gained 0.93%, and the technology sector is leading with a 4.62% jump.
So what's the deal? Oracle plans to bring Google Cloud's Gemini models into its enterprise application portfolio, including Fusion Applications and NetSuite. Specifically, Gemini 3.1 Flash-Lite and Gemini 3.5 Flash models will be available within Oracle AI Agent Studio for Fusion Applications. These models offer multi-modal capabilities to support agentic workflows and automated business operations — essentially, they help businesses automate decisions and processes using AI.
“Organizations around the world trust Google Cloud’s full AI stack to power critical enterprise workflows and agents,” said Satish Thomas, vice president at Google Cloud. “Our expanded partnership with Oracle is designed to make it easier for organizations to use Gemini in the applications and agentic workflows they rely on to automate workflows, accelerate decisions, and drive outcomes.”
Chris Leone, Oracle's executive vice president of applications development, added: “To achieve the best business outcomes, organizations need the flexibility to choose the AI model best suited to each problem.” Oracle plans to use Gemini models for embedded AI use cases in Oracle Fusion Applications and Oracle NetSuite to optimize price-performance and automate business decisions.
Now, let's talk about the stock. Even after Thursday's pop, Oracle is still trading 2.4% below its 20-day simple moving average (SMA) of $129.33. That puts the near-term trend in what you might call “repair mode” rather than a clean breakout. The bigger picture is still a bit heavy: the stock is trading 24% below its 50-day SMA ($165.92) and 31.4% below its 200-day SMA ($184.01), which is consistent with a longer-term downtrend.
Remember that death cross that formed back in January? That's when the 50-day SMA crossed below the 200-day SMA, and it's still an overhead headwind. The stock's last major swing high was in June, before the July low. With the 52-week range stretching from $114.50 to $345.72, Oracle is still closer to the low end, so rallies can face quick profit-taking.
At the time of publication Thursday, Oracle shares were up 6.34% at $125.21, according to market data. It's a nice move, but the technical picture suggests there's still work to do before the trend turns decisively bullish.
