Oracle’s stock closed at $156.61, up 9.66%, following a D.A. Davidson upgrade to Buy and renewed interest in its AI and cloud opportunities. Trading volume hit 49.5 million shares, 73% above its three-month average. The company has grown 247415% since going public in 1986.

The S&P 500 rose 0.45% to 6,964, and the Nasdaq Composite gained 0.90% to 23,239. Software giants Microsoft and SAP also saw increases in their stock prices, reflecting strength in the enterprise software sector.

Investors believe Oracle’s cloud business benefits from AI-driven infrastructure spending, leading to a stock rally. This reflects a broader reassessment of enterprise cloud demand beyond single rating changes and potential long-term growth for the company.

Before buying Oracle stock, note that it wasn’t among the Motley Fool’s 10 best stocks. The top 10 picks historically outperform the market, with an average return of 914%. Consider joining Stock Advisor for access to exclusive stock recommendations and investment community insights.

Read more at Nasdaq: Stock Market Today, Feb. 9: Oracle Rallies as AI Spending Reframes Its Cloud Growth Story