Oracle’s stock hit a record high in August, and with today’s after-hours gains it’s very close to beating that. In the year to date, it has gained 45%, lifting its market capitalization to more than $800 billion, while the broader S&P 500 index has risen just 11% in the same timeframe.

Wall Street's "AI trade" has propelled the market to record highs this year, and Oracle's stunning share-price gains are giving investors another reason to back the trade.

At 12x trailing revenues—nearly twice its four-year average—the shares face several headwinds that could catalyze a sharp pullback.

Oracle stock price has pulled back in the past few weeks, moving from a high of $260 in July to $232 today. This performance could change this week as Larry Ellison’s company publishes its financial results.

For Oracle’s recent rally to make sense, the company will have to approach Nvidia’s unprecedented run of success.

The dramatic shift comes after the technology company delivers exceptional quarterly results far exceeding Wall Street expectations.

Oracle rolls out AI-driven health platforms, EHR upgrades, and data tools to streamline research and transform global care. Oracle stock is up 41% YTD as AI demand fuels Oracle Cloud growth and major cloud deals, including a pact with OpenAI. Get a Year of ...

Elon Musk is no longer the "world's richest person." That title now belongs to Larry Ellison, cofounder and chairman of the technology company Oracle.