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Watch These Oracle Price Levels as Stock Surges on Optimism About AI Joint Venture

1. Oracle forms joint venture with OpenAI and SoftBank for AI infrastructure. 2. Stargate project could involve $500 billion investments over four years. 3. Oracle shares rose 7.5%, adding to a recent 7% gain. 4. Stock has increased nearly 70% over the past year. 5. Key price levels: resistances at $178 and $196; supports at $154 and $145.

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FAQ

Why Very Bullish?

The joint venture is highly favorable, indicating strong future growth potential.

How important is it?

The announcement of the joint venture is critical for Oracle's future and investor sentiment.

Why Long Term?

The investment aims to significantly bolster AI capabilities, enhancing Oracle's market position long-term.

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