[Jefferies: Oracle's Stock is Undervalued] BlockBeats News, March 6, Jefferies analysts wrote in a report that investors have overlooked Oracle's (ORCL.N) potential for growth. The analysts stated that although Oracle's core software business remains highly profitable and optimism around artificial intelligence shows resilience, the company's stock has dropped approximately 36% from its September peak. Additionally, according to sources familiar with the matter, due to rising costs driven by AI data center expansion, the cloud computing provider plans to lay off thousands of employees across various departments. Oracle's stock rose 1% in pre-market trading. (Jin10)