Oracle Corp. is having a record-breaking day in the stock market after delivering blockbuster guidance that has Wall Street buzzing about the opportunities in artificial intelligence.
The database software giant reported an impressive outlook for its cloud business that signaled soaring demand for AI and cemented Oracle as one of the top providers of computing capacity for the technology. Shares jumped as much as 42%, their biggest intraday move in 33 years, sending the stock price to a record high.