On September 17, Oracle rose 3.36% in regular trading, trading at $148.385/share, with turnover of $701 million. The stock had previously posted five consecutive sessions of declines with a cumulative drop of approximately 13.6%, and is now extending its rebound for a second straight session.
On the news front, the broader cloud computing services sector continued to strengthen after NEBIUS and CoreWeave were confirmed for inclusion in the Nasdaq 100 index, lifting sentiment across the group. On the session, NEBIUS gained 2.44% and Microsoft rose 1.1%, with Oracle tracking the sector higher. Multiple institutions have recently raised their medium-term growth forecasts for the global cloud computing market, citing accelerating enterprise migration toward AI-driven architectures and an expected surge in orders for dedicated cloud computing providers.
Oracle had been under sustained pressure from multiple headwinds, including the launch of a new round of layoffs with double-digit percentage cuts in some teams, total restructuring costs rising to approximately $2.8 billion, and Morgan Stanley flagging structural gross margin headwinds from rising cloud infrastructure revenue mix. The current rebound follows a period of technical oversold conditions combined with improving sector-wide sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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