(CNBC) Oracle is having a moment. For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. But that’s changing, and Wall Street is quite pleased with what it sees from Larry Ellison’s 46-year-old company. Oracle shares climbed 4.8% on Wednesday to $122.24, closing at a record for a fifth straight day and the eighth time this month.
Oracle hits record after 50% surge in 2023, defying tech struggles
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