Oracle Corporation (ORCL) Stock Price, News, Quote & History

May was another very good month for stocks, as AI continues to work its magic — spreading its tentacles further and further beyond the original winners. The S&P 500 rose 5.2%, the Nasdaq ripped higher by 8.4%, and the Nasdaq 100 surged 10.6%. The Technology Sector SPDR (XLK) soared 20%, its best month since October 2002 when it was emerging from the great IT disaster. More impressively, the two-month gain reached 43.7%, the best two-month gain since November 2002.

The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago – textiles, televisions, even automobiles to a large degree – have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the recent period of high inflation, has expanded to record levels. If U.S. corporations weren’t innovating, creating new products (such as AI and vaccines) and services (such as Zoom calls and Netflix), as well as moving into new markets (clean energy, rare drugs), the domestic economy would not be growing, and capital would not be flooding into the country. Consider that U.S. GDP was approximately $1 trillion in 1930 but was almost $31.5 trillion at the end of 2025. That’s growth of 30-times. Meanwhile, the U.S. population has grown less than 3-times during that time span, to 340 million from 120 million. The delta between GDP growth and population growth has been driven, in large part, by innovation.

Companies with the Software-as-a-Service business model have come under enormous pressure in recent months on fears of agentic AI disruption. Since the release of Anthropic’s Claude Opus 4.5 and Google’s Gemini 3 models in November of 2025, followed by the Claude Cowork agentic tool and OpenClaw AI agent, market sentiment has turned against enterprise software stocks over concerns about the potential for client cannibalization due to AI. In the first quarter, Application Software stocks plummeted 26% and Systems Software stocks tanked 23%. The carnage was not confined to the IT sector, as the Industrial group Data Processing & Outsourced Services dropped 27% and the Diversified Financial Services industry fell 23%. We think these fears may be overblown, at least for some software companies that have become deeply embedded systems of record for their enterprise clients (who may not wish to take on the costs and risks of switching platforms and engaging in do-it-yourself AI vibe coded software). The disruption thesis also does not take into account that software companies are themselves also extensively developing agentic AI tools and applications, powered by both third-party frontier and proprietary models. Just the latest example of software/frontier model collaboration is Anthropic’s Project Glasswing with cybersecurity firms CrowdStrike and Palo Alto Networks (both Argus BUY-rated covers) participating in a select group of firms testing Anthropic’s new Mythos model. Going forward, there is no doubt that AI will be disrupting numerous industries. But companies with long-time client relationships and who provide systems and services that are tightly integrated with mission critical workflows should be able to weather the storm.

Oracle Corp. is one of the world’s largest independent enterprise software companies, with annualized revenue over $64 billion. Its software products include database, middleware, application, and cloud-based software designed for general business purposes and for specific industries. In addition, Oracle provides product upgrades, maintenance releases, and patches through license update agreements, as well as extensive product support. Oracle also provides server hardware. It expanded its presence in the healthcare market with the Cerner acquisition in 2022. The company has about 160,000 employees. About 37% of revenue comes from outside the Americas region.