Oracle Stock (ORCL) Jumps 12.7% as Software Rebounds, but AI Fears Still Linger
Oracle shares surged 12.7% Monday to $155.62, leading the S&P 500 as software stocks rebounded. The move followed new product announcements at Oracle’s Customer Edge Summit and a deal for up to 2.8 GW of Bloom Energy fuel cells for U.S. cloud projects. Despite the rally, Oracle shares remain down 20.2% for the year.