Oracle shares rise after announcing it will invest $3 bln in Europe

** Oracle's ORCL.N shares rise ~1.5% to $232.63 on Tues after announcing it will invest $3 bln to boost cloud and AI infrastructure in Europe

** ORCL is on track for gains and will snap three straight sessions of losses

** ORCL's investment in Germany and the Netherlands over the next five years will bolster its infrastructure powering artificial intelligence and cloud offerings in the European market, the company said on Tuesday.

** Last year, Amazon said it would invest 10 billion euros in Germany

** Among 40 analysts who cover ORCL, avg rating is "BUY" and median PT is $230.50, per LSEG data

** ORCL is up 38.9% YTD vs NASDAQ Composite Index's .IXIC 7.5% increase