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