“Oracle saw its stock rise by 7% last week, mirroring the broader market which advanced by 3%. The company’s recent collaboration with Sphere to utilize Oracle Database 23ai on the Oracle Autonomous Database could have bolstered investor confidence, enhancing perceptions of Oracle’s capabilities in AI-driven workflow automation. Meanwhile, widespread optimism in the broader tech sector, highlighted by strong earnings from major tech giants like Microsoft and Meta, certainly supported the surge in Oracle’s share price. The overall positive sentiment from the market’s focus on AI investment likely amplified Oracle’s upward trajectory.”
Source: Oracle (NYSE:ORCL) Powers Sphere’s AI Platform With Database 23ai On Cloud Infrastructure
