Oracle Corp's (NYSE:ORCL) stock could extend its recent rebound, according to RiskReversal co-founder Guy Adami.

Oracle stock has risen roughly 10% in the past five days. Since Oct. 1 to Dec. 9, the price is down about 23%, according to Benzinga Pro.

Oracle Stock Action Ahead Of Earnings Draws Wall Street Attention

On Tuesday, while appearing on CNBC's Closing Bell Overtime, Adami said that he expects the stock's current bounce to continue.

"I think it will recover," Adami said, adding that he reviewed Oracle's Sept. 10 announcement of a large revenue deal and believes the stock overreacted at the time.

In September, it was reported that Oracle had secured a roughly $300 billion, five-year deal to supply computing power to OpenAI, one of the largest agreements of its kind in history.

See Also: Oracle’s AI Strategy Shake-Up Sparks Market Jitters As Shares Plunge 25%

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