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Oracle’s share price surged by about 24% this week, marking its strongest performance since April 2001, as investors reacted positively because of strong earnings and a positive outlook for its cloud business. Nearly all of the gains came in the two trading days following the release of Oracle’s quarterly results, reported CNBC. The last time the company saw a comparable weekly spike was during the dot-com crash in April 2001, when any rebound was short-lived. In contrast, Oracle had seen its share price plunge by almost 50% in the previous quarter. The company is no longer behind in cloud computing. It has found its niche and is attracting customers who want to run AI workloads on its systems “Oracle is in the enviable position of having more demand than it can fulfill” noted Joseph Bonner, an analyst at Argus Research, in a client bulletin on Friday. He advised investors to buy the stock and boosted his 12-month price target from $200 to $235. Oracle Corp shares closed at $215.22 on June 13, 2025. Source: Google Finance On Friday, Oracle shares closed at a record high of $215.22. In its earnings announcement late Wednesday, Oracle reported revenue and profit that beat analysts’ expectations. CEO Safra Catz projected that fiscal-year sales would top $67 billion, above the $65.18 billion consensus forecast from LSEG. Oracle has been racing to catch up with Amazon, Google and Microsoft “The demand is astronomical,” said Chairman Larry Ellison during the earnings call. “But we have to do this methodically. The reason demand continues to outstrip supply is we can only build these data centers, build these computers, so fast.” In the fiscal year ended May 31, the company’s capital spending exceeded $21 billion, a sum greater than its total investment from 2019 through 2024. Catz told investors…

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Filed under: News - @ June 13, 2025 10:26 pm