Why Oracle Stock Jumped 21% in September
Oracle(ORCL) The Motley Fool·2024-10-02 17:00
A strong earnings report led to a rally over the rest of the month.Shares of Oracle (ORCL 0.96%), the legacy tech giant best known for its database software, were climbing again last month as it impressed investors with its latest earnings report. The results showed that it's seeing soaring demand for its cloud infrastructure services as the artificial intelligence (AI) boom continues to ramp up.According to data from S&P Global Market Intelligence, the stock was up 21% as a result. As you can see from the ...