Why Oracle Stock Skyrocketed This Week | The Motley Fool

Shares of Oracle (ORCL -1.54%) flew higher this week. The firm’s stock gained 14% as of 4:20 p.m. ET, but was up as much as 17.4% earlier in the week. The surge comes as the S&P 500 (^GSPC -0.29%) and Nasdaq Composite (^IXIC -0.50%) were up 1.7% and 1.6%, respectively.

Oracle is a featured player in President Trump’s new artificial intelligence (AI) infrastructure initiative, Project Stargate, and also benefited from developments regarding…