It's just returning to relative sanity. Go look at a 6-month chart. Of course, it's mostly risen with the SP500 tide. The mid-September jump was some sort of mechanical move caused by things deep in the market (and outside it) that you're not allowed to know about. Someone needed collateral.
I don't think Oracle's stock price has anything to do with AI. That's just the public narrative.
Can you elaborate on the mechanical point you mentioned? And by someone needed collateral, does that mean whoever it was bought ORCL at that time to hold as collateral? How do you even figure that out?
>Can you elaborate on the mechanical point you mentioned?
Not really, because I don't really understand the specifics myself. I guess it's a situation where you either believe the conspiracy theories or you don't. I've still yet to have someone explain how a company like Oracle could jump 40% in a day and it not be either Dot Com Bust-level speculation, or else someone holding Oracle needing the company to be at a certain valuation. Things happened the day before the jump, and a week after it, Oracle was signing a deal to integrate with TikTok.
I circled back to this, The only mechanics I can think of and I’m not sure if it’s really even really a thing (maybe someone can chime in) is that market makers buying shares to cover their calls or something along those lines? How does one even really trace this type of transaction?
I don't think Oracle's stock price has anything to do with AI. That's just the public narrative.