Reported 1 day ago
Oracle's stock price surged by up to 11.3% on Wednesday, propelled by the announcement of Project Stargate, a new AI initiative backed by billions in private investment, including Oracle's involvement. Additionally, a temporary delay in the enforcement of a TikTok ban, which Oracle supports as its cloud provider, contributed to the rally. Overall, current market conditions and political developments have created a favorable environment for Oracle's stock.
Source: YAHOO