Why Oracle Stock Skyrocketed Higher Today

Key Points Oracle reported results that fell short of Wall Street's expectations. However, the company's backlog exploded higher, sending the stock into orbit. Oracle stock has seen a commensurate increase in its valuation. 10 stocks we like better than Oracle › Shares of Oracle (NYSE: ORCL) charged sharply higher on Wednesday, soaring as much as 41.3% in early trading. As of 10:42 a.m. ET, the stock was still up 39.1%. The catalyst that sent the enterprise database, cloud, and artificial intell ...