Oracle Stock Rockets 24% in Just 7 Days – What’s Fueling the Frenzy?

Oracle’s shares just pulled off a gravity-defying leap—soaring 24% in a single week. The legacy tech giant’s sudden rally has traders scrambling and skeptics eyeing the charts.

Wall Street’s usual suspects are already spinning narratives about cloud revenue or AI partnerships. But let’s be real—when did fundamentals ever explain a 24% move in seven days?

Meanwhile, crypto degens are nodding knowingly at the classic ‘old money chasing new tricks’ play. Nothing like watching enterprise boomers discover volatility for the first time.

On Friday, Oracle shares closed at a record high of $215.22.

In its earnings announcement late Wednesday, Oracle reported revenue and profit that beat analysts’ expectations. CEO Safra Catz projected that fiscal-year sales WOULD top $67 billion, above the $65.18 billion consensus forecast from LSEG.

Oracle has been racing to catch up with Amazon, Google and Microsoft

“The demand is astronomical,” said Chairman Larry Ellison during the earnings call. “But we have to do this methodically. The reason demand continues to outstrip supply is we can only build these data centers, build these computers, so fast.”

In the fiscal year ended May 31, the company’s capital spending exceeded $21 billion, a sum greater than its total investment from 2019 through 2024. Catz told investors that spending should climb to $25 billion in fiscal year 2026. By comparison, Google plans about $75 billion in capital outlays this year, and Microsoft aims for $80 billion.

Oracle’s roster of cloud customers now includes major AI players such as Meta, OpenAI and Elon Musk’s xAI, all of which rely on Nvidia graphics processors to train generative AI models that can produce text, images and video from simple prompts.

This week, Oracle also added startups Baseten, Physical Intelligence and Vast Data to its cloud lineup.

“We will build and operate more cloud infrastructure data centers than all of our cloud infrastructure competitors combined,” Ellison added.

So far in 2025, Oracle shares have risen about 29%, while the Nasdaq composite has gained less than 1%. Among top U.S. technology firms, Meta is the next best performer this year with a roughly 17% increase.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More