Tracking the Pivotal Point of Oracle: AI Contracts and Cloud Boom Propel the Stock up by 36%!

On September 10, the provider of database software and enterprise solutions benefited from a wave of optimism triggered by strong quarterly numbers and a promising outlook for the cloud business. The stock rose by nearly 36% on that day, driving the company's market capitalization towards the trillion-dollar mark. Oracle has transformed from a traditional software provider into a key player in the cloud sector. Although revenues and earnings per share in the first quarter fell short of consensus expectations, there were two crucial factors that...