Oracle's shares surged by 12.3% in pre-market trading following better-than-expected quarterly earnings. The company's cloud business is experiencing rapid growth, with a focus on AI-driven cloud computing. Larry Ellison's net worth increased by $15 billion as Oracle had its best day in over 2 years, reaching an all-time high and making him the 5th wealthiest person globally.
Oracle Posts Biggest Gain Since 2021 on Cloud Revenue Growth https://t.co/Uhwth2fKHX
Larry Ellison's net worth increased by $15 Billion today as Oracle $ORCL had its best day in over 2 years and closed at a new All Time High - CNBC Ellison is now worth $146 Billion making him the 5th wealthiest person in the world according to Forbes https://t.co/DULav1S9z4
Legacy player and data-driven Oracle $ORCL isn't your grandpa's Oldsmobile tech stock. A.I. fuels demand for their cloud computing. Solid earnings... why isn't this in the #MagnificentSeven (or Four)? @PeteNajarian @MXLESQ discuss on Rebel's Edge 🏴☠️ 1pm #Oracle #AI… https://t.co/HoTsYpGbVy
"The most important number in our view for the Street and cloud sector is $80 billion of RPO (grew 29% [year-over-year]) that blew away Street expectations on the shoulders of robust cloud demand as AI demand is driving cloud growth across its business" $ORCL
Oracle shares surge 12% and head for record close https://t.co/pWmpoaCTNP
Oracle surging today, leading the Dow. It's our #ChartOfTheDay. The Investment committee debate how to trade this name. $ORCL https://t.co/9mlVhg8v8l
Oracle having its best day in 2 years If AI is the new oil, data centers are the oil rigs https://t.co/wInik51g1H
"They're the disruptor here," D.A. Davidson managing director @gilluria says on $ORCL's cloud business. "They're growing from a small base but they're growing really fast." https://t.co/mY2XE8cxJo
$ORCL (+12.3% pre) Oracle shares soar 13% on better-than-expected quarterly earnings https://t.co/QjSiacYrzZ