Oracle Reported Poor Earnings, but the Market Is Happy. Why? ...Middle East

Oracle stock got an intensive boost after the software company released its financial report for the fourth quarter of 2023. Interestingly, the Q4 results were worse than expected. Let’s explore what impressed market participants and why Oracle shares are trending this year.First, let's examine the chart. It shows a massive spike after Oracle’s earnings report.Since the beginning of 2024, Oracle's stock has become even more attractive, increasing by 35% in six months. This significant rise has also been flagged by the stock screener, highlighting Oracle as a top performer in the tech sector.For comparison, these gains are double those of tech giants Apple and Microsoft (though Nvidia has out

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Oracle Reported Poor Earnings, but the Market Is Happy. Why? ...Middle East

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