Why Oracle Stock Skyrocketed This Week

Shares of Oracle (NYSE: ORCL) 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 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) 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 the TikTok ban.

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