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Oracle Hits Record High: Should You Invest After Q1 Cloud Success?
ORCLOracle(ORCL) ZACKS·2024-09-11 16:16

Oracle (ORCL) , the tech giant known for its database software and cloud computing services, has reached a new milestone as its stock surged 15% to hit a record high of $160.52 a share following the release of its first-quarter fiscal 2025 results. The surge in share price was primarily driven by impressive growth in the company's cloud division wherein demand for cloud infrastructure continued to outpace supply in the quarter, leaving investors wondering if now is the right time to ride Oracle's success st ...