From Investing.com: 2025-06-12 14:06:00

Oracle’s shares reached a record high on Friday as the company’s revenue forecast was boosted by strong demand for its artificial intelligence cloud services. The tech giant’s stock rose 3.3% to $104.18, hitting an all-time high. Oracle expects revenue growth of 2% to 4% in the current quarter, surpassing analysts’ expectations.

The surge in Oracle’s stock price comes as the company continues to benefit from the increasing demand for cloud-based services and artificial intelligence technology. Oracle has been investing heavily in its cloud business, including expanding its data centers and developing new AI capabilities. The company’s strong revenue forecast reflects the success of these efforts.

Oracle’s growth in the cloud computing sector has been a key driver of its recent success. The company’s cloud services revenue increased by 3% in the previous quarter, reaching $1.7 billion. Oracle’s cloud business has been growing steadily as more businesses shift towards cloud-based solutions for their IT needs.

Investors have responded positively to Oracle’s strong performance, driving the company’s stock price to new heights. The company’s shares have gained more than 40% this year, outperforming the broader market. Analysts expect Oracle to continue its growth trajectory in the coming quarters, with the company’s cloud business expected to drive further revenue growth.



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