Oracle’s Aggressive Cloud Push Powers ORCL Stock to New Highs This Week

Quick overview

Oracle (NASDAQ: ORCL) delivered another eye-catching surge this week, underscoring investor enthusiasm for its aggressive cloud transformation.

Early Week Surge Signals Investor Optimism

Oracle Corporation (NASDAQ: ORCL) kicked off the week in spectacular fashion, opening Monday at $227.26 after closing the previous Friday at $210. This sharp pre-market rally highlighted renewed investor confidence, translating into a robust weekly gain of +12.8%.

ORCL Chart Weekly – Buying Resumes After Stalling for Two Days

The stock continued to climb, hitting a weekly high of $237.98 before ending just below that level at $237. The move capped a remarkable run of approximately 40% in June alone, reinforcing Oracle’s status as one of the year’s standout performers among large-cap tech names.

A Bold Strategy: Cloud Expansion

This week’s rally was fueled by the announcement of a significant new cloud services deal. In an SEC filing and subsequent remarks, CEO Safra Catz revealed Oracle had secured agreements that are expected to generate over $30 billion annually by fiscal year 2028.

Investor excitement was further stoked by reports that OpenAI, the company behind ChatGPT, would lease substantial capacity in Oracle’s data centers. OpenAI’s move aims to support the ambitious Stargate Project—an AI collaboration between Oracle, OpenAI, SoftBank, and MGX—that plans to secure roughly 4.5 gigawatts of new data center power in the U.S. This demand is not coming from the pubic, which is not using such advanced chip and cloud technology, so the demand comes from within the AI industry, like a closed circle, with the public not really benefiting from it, but I digress.

Strong Performance Across Cloud Divisions

Beyond headline deals, Oracle emphasized that its MultiCloud database business is growing at a rate exceeding 100% annually. This rapid expansion highlights Oracle’s competitive positioning as it vies with industry giants in the lucrative and fast-growing cloud infrastructure market.

The company’s aggressive push into AI partnerships and cloud services marks a major strategic shift from its legacy database software roots, showcasing management’s determination to capture the next wave of tech demand.

Impressive Earnings Underscore Momentum

Investor enthusiasm this week also drew strength from Oracle’s strong fiscal Q4 results released just two weeks prior. The company posted adjusted earnings of $1.70 per share on revenue of $15.90 billion, exceeding Visible Alpha consensus estimates and representing an 11% year-over-year growth rate.

These results reinforced the market’s perception of Oracle as a business successfully navigating its cloud transition while maintaining solid profitability.

Conclusion: Oracle’s latest surge reflects not just one week’s news, but the culmination of years of strategic repositioning. As the company continues to secure major cloud contracts, grow AI partnerships, and deliver solid earnings growth, investor sentiment has clearly shifted in its favor. The stock’s new all-time highs this week underscore that Oracle’s bold bet on cloud and AI may be paying off—and investors are eager to stay along for the ride.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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