Oracle Corporation's stock hit a historical high, climbing 13.99% to $200 per share, driven by the company's recent quarterly success and increasing demand for AI-related cloud services.
Success of Oracle’s Quarterly Report
In the fourth quarter, Oracle reported earnings per share of $1.70, exceeding analyst forecasts by 3.37%. The company's total revenue reached $15.90 billion, surpassing expectations of $15.59 billion. Revenue from cloud services grew 14% to $11.70 billion. CEO Safra Catz stated that total revenue is expected to reach $67 billion for fiscal 2026.
Dramatic Rise of Company Shares
Oracle's stock opened at $189.96, reaching a record high of $201.05 during the trading session. The stock's day range extended from $188.88 to $201.99, with trading volume at 34,064,751 shares, significantly above the average volume of 9,722,209.
Oracle's Future in the AI Era
Oracle has strengthened its position in the rapidly expanding AI infrastructure market through its joint venture with OpenAI, aiming to provide substantial computing capabilities. Analysts note that Oracle is transitioning towards a new level of popularity in the enterprise landscape.
With sustained demand for AI-related cloud services, Oracle showcases its ability to adapt to changing market conditions. The record-high shares reflect increasing investor interest in the company.
