Oracle's stock has rallied nearly 30% this week, but charts show it's not too late to buy

Oracle stock experienced a significant rally this week, surging by nearly 30% following robust earnings results that highlighted strong performance in its cloud and artificial intelligence infrastructure segments. This upward movement has drawn attention from market analysts, who suggest the stock retains further upside potential. The rally is primarily fueled by Oracle accelerating growth in its cloud computing division, particularly Oracle Cloud Infrastructure (OCI), which is benefiting from intense demand for AI-related processing power. Analysts like Jay Woods indicate that despite the recent surge, the underlying business momentum, coupled with favorable market trends in AI and enterprise software adoption, presents a compelling "long idea" for investors, suggesting a positive risk/reward setup for continued gains.