Oracle is trading at $202.02 in after-hours, up 4.2% from its May 11 close of $193.82. The surge follows a company announcement on the same day.
- Oracle announced the Oracle AI Success Navigator 26.1 release, rebranding and enhancing its platform to help customers adopt AI-enabled capabilities.
- The move comes amid broader market strength and strong investor sentiment for AI-related stocks, which was bolstered by news of a preliminary chip deal between Intel and Apple.
- The stock had declined 1.09% during regular trading hours before reversing course after the market close.