Oracle Stock Surges on Upbeat Quarterly Results

Oracle Corp (NYSE:ORCL) stock is up 10.4% to trade at $194.64 at last check, after the cloud computing giant reported a fourth-quarter earnings and revenue beat. The company also issued an upbeat annual revenue forecast thanks to strong cloud artificial intelligence (AI) demand. At least 10 analysts hiked their price target in response, with the highest coming from Bernstein to $225 from $207.The shares are set to resume gains after yesterday snapping a four-day win streak. Today's surge is also helping the ...