Why Oracle Stock Rose Nearly 15% Last Month
Investors regained their optimism for Oracle's big AI bets, at least temporarily.
Overview
Shares of Oracle Corporation (NYSE: ORCL) gained ground last month as the company expanded its artificial intelligence deals and as investors renewed some of their optimism in the tech space. Strong quarterly results from a handful of AI cloud companies also helped drive Oracle higher.
As a result, Oracle shares jumped 14.8% in August, according to data provided by S&P Global Market Intelligence.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.