Oracle stock surged 14% last week, hitting a record high, fueled by strong revenue forecasts and its successful integration of AI capabilities into its SaaS offerings. This rally signals a potential turning point for software stocks, which have lagged behind the broader tech sector this year.
It was a big week for Oracle . After a huge sell-off in tech in August, Oracle shares barely ended the month in the green. Last week was another story all together. The stock added 14% over the week, and touched a record high on Friday, as investors reacted to a robust revenue forecast for fiscal 2026 and beyond. Oracle is now the second-best performing technology stock this year behind Nvidia , up 54% this year.
mountain ORCL year-to-date performance. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. Demand for OCI continues to rise, with a growing pipeline, which is why the company expects capital expenditures to double by fiscal 2025 to support AI-driven cloud capacity. Microsoft Microsoft, the world's largest software developer, stands out due to its strategic positioning and significant AI investments.
mountain MSFT year-to-date performance. Microsoft's AI monetization is progressing with Azure AI Services reaching a $5 billion annual revenue run rate in the second quarter, and contributing 30% of incremental growth. GitHub, Microsoft's AI-powered developer tool, is at a $2 billion revenue run rate, with 40% driven by Co-Pilot.
Oracle AI Software Stock Market Revenue Growth
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