Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Oracle Stock Just Jumped

TheMotleyFool

0 0

Oracle Corporation (NYSE: ORCL) stock was up 5.9% as of 2:38 p.m. ET on Wednesday. The S 500 and the Nasdaq Composite were up 0.4% and 0.7%, respectively.

Shares of the hyperscaler and tech giant are gaining after CoreWeave and Nebius -- two so-called neocloud companies -- reported a fresh round of strong earnings.

CoreWeave released its Q2 numbers yesterday after the market closed. Revenue was up an incredible 112% while its backlog grows even faster. The company says its pipeline grew from about $25 billion this time last year to more than $100 billion today.

Source Fool.com