By Radek Strnad
Publication Date: 2026-04-14 00:52:00
Shares of enterprise software giant Oracle (NYSE:ORCL) rose 8.2% in mid-morning trading after the company rolled out new AI-powered upgrades to its Utilities Industry Suite and project management platform Aconex.
The goal of the improvements was to help utilities reduce their operating costs and improve reliability. To further strengthen its position, Oracle also announced the launch of a new public cloud region in Casablanca, Morocco, continuing the expansion of its global infrastructure. These strategic announcements highlighted the company’s push into specialized generative AI services.
Adding to the optimism, investors bought the decline in high-quality SaaS stocks, which were significantly oversold amid a fragile market recovery driven by cautious optimism surrounding the US-Iran ceasefire talks.
As the Dow Jones Industrial Average fell under the weight of a surge in oil prices and the naval blockade of the Strait of Hormuz, traders were looking for value in leading software providers.
