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Wajeeh Khan

Oracle Stock Surges on AI Upgrades. Should You Chase the Rally Here?

Oracle ORCL Barchart

Oracle (ORCL) shares closed meaningfully higher on Monday after the Austin-headquartered firm announced major artificial intelligence (AI) upgrades to its Utilities Industry Suite and Aconex platform. The post-announcement momentum helped ORCL rip through its major moving averages (20-day and 50-day), indicating that bulls are beginning to take back control in the near term.

Despite this surge, however, Oracle stock remains down nearly 25% versus its year-to-date high.

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