Oracle (NYSE: ORCL) stock rose 4.5% through 9:50 a.m. ET Wednesday after Citigroup argued that an "extreme dislocation and drawdown" has made the stock a buy. Oracle's stock had fallen 54% from its June peak to July trough due to investor concerns over massive spending and debt for AI infrastructure. Citi believes the bad news is already priced in, with demand for AI services being "insatiable" and $85 billion in backlogged work. The bank estimates Oracle's GAAP profits could triple or quadruple by 2030, delivering $22 per share earnings, and sees an "historic" buying opportunity.