Oracle Stock Soars 24%, Reaches All-Time High

Oracle shares experienced a meteoric rise, surging over 24% this week, marking its most significant jump since April 2001. This impressive performance was driven by strong earnings reports and a positive outlook for the company’s cloud business. CNBC reported that nearly all of the gains came following Oracle’s release of quarterly results. The last comparable spike in share price occurred during the dot-com bubble burst in April 2001, when the rebound was short-lived.