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Oracle’s stock closes out best week since 2001 on cloud momentum
- Oracle shares increased by about 24% for the week, marking its best week since 2001, as Wall Street responded positively to a strong earnings report and optimistic outlook in cloud computing.
- CEO Safra Catz predicted sales exceeding $67 billion for the new fiscal year, surpassing the consensus of $65.18 billion from LSEG.
- Chairman Larry Ellison stated, 'The demand is astronomical' during the earnings call to analysts.
- In 2025, Oracle shares have risen by 29%, while the Nasdaq index has grown by less than 1%.
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The US-Tech company Oracle recorded a significant price increase this week. On Friday alone, the share gained a good eight percent. Currently, Oracle has a stock market value of around EUR 388 billion.
Oracle stock jumped 24% this week, its best performance since 2001, and is up 29% in 2025, vs. Nasdaq's 1%, after the company reported cloud momentum
Jordan Novet / CNBC: Oracle stock jumped 24% this week, its best performance since 2001, and is up 29% in 2025, vs. Nasdaq's 1%, after the company reported cloud momentum — Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company's prospects in cloud computing.
Oracle's stock closes out best week since 2001 on cloud momentum - Los Angeles Weekly Times
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025. Joe Raedle | Getty Images Oracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company’s prospects in cloud computing. The stock jumped about 24% for the week, with almost all the gains coming in the two trading days after the company’s quarterly earnings release. The last tim…
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