Why Oracle Stock Is Skyrocketing Today | The Motley Fool

Shares of Oracle (ORCL 7.10%) are flying higher on Wednesday. The company’s stock is up 6.4% as of 11:20 a.m. ET, but gained as much as 11.3% earlier in the day. The sharp move came as the S&P 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively.

Oracle is at the heart of Project Stargate, the new artificial intelligence (AI) initiative announced by President Trump on Tuesday. The company is also benefiting from recent developments…