By Kit Norton
Shares of Oracle rose on Monday, leading the S&P 500 as the cloud platform provider touted some of its artificial intelligence capabilities for utility providers.
The company highlighted the capabilities at its Customer Edge Summit. They include the AI-platform " Oracle Utilities Opower," which the company claims helped residential utility customers save $369 million in 2025, as well as enhancements to "Oracle Aconex," a tool to help simplify the project review process and minimize errors in capital projects.
"Across electric, gas, and water utilities, the environment is shifting quickly, and we understand the pressures and changes utilities face," said Mark Webster, senior vice president of Oracle Infrastructure Industries. "We believe there's a clear model for the next-generation utility, where AI simplifies complexity and delivers measurable impact -- and it's something utilities can put to work today."
Oracle stock had jumped 11% to $153.24 on Monday afternoon, making it the top performer in the S&P 500. For comparison, the S&P 500 was up 0.4% and the Dow Jones Industrial Average was little changed. The tech-heavy Nasdaq had advanced 0.6%.
Oracle shares are down 21% so far this year. The stock booked five consecutive monthly declines until inching 1.2% higher in March. The shares are also down 54% from their closing high of $328.33 on Sept. 10, according to Dow Jones Market Data.
Write to Kit Norton at kit.norton@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 13, 2026 14:23 ET (18:23 GMT)
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