Reported about 1 year ago
In June 2024, Oracle (NYSE: ORCL) stock increased by 20.5%, driven by its fourth-quarter results where it reported non-GAAP EPS of $1.63 on sales of $14.3 billion, exceeding analyst expectations. The highlight was Oracle Cloud Infrastructure's partnership with OpenAI for AI training, leading to price target increases by analysts and 13.3% stock gain the following day. With Oracle's focus on AI infrastructure and growing sales, the stock gained 149% in the first half of 2024, offering growth potential and reasonable value in the competitive AI market.
Source: YAHOO