By Erica Kollmann
Publication Date: 2026-04-17 15:55:00
If the gains continue through the close, it would be Oracle’s best week since 1999 – the height of the dot-com boom – and one of the most explosive gains in the company’s stock market history.
From punching bag to market favorite
Just a week ago, Oracle looked broken.
Shares had fallen about 58% from a 52-week high of $345.72 to a low of about $121.24, buffeted by fears about AI-native competitors Anthropocene And OpenAI would cannibalize outdated enterprise software.
Investors were also concerned that Oracle’s aggressive capital spending – coupled with 30,000 announced layoffs – suggested the company was shrinking its balance sheet.
Then the tape turned around. Oracle closed at $178.34 on Thursday after trading volume of more than 46 million shares rose 5.02% Benzinga Pro Data.
The move capped a three-day run that included a 12.69% rise on Monday – its best daily gain since September – followed by back-to-back closes of over 4%.
What changed overnight
The catalyst stack is unusually dense:
- A…
