On 10 September 2025, ORCL shares soared by 36% in a single trading session:
→ the price reached an all-time high above $340;
→ Oracle’s co-founder and chairman, Larry Ellison, briefly became the world’s richest individual.
Why Did ORCL Shares Surge?
The rally was triggered by announcements of several multibillion-dollar deals in cloud infrastructure for artificial intelligence. Oracle revealed contracts worth a total of $300 billion, with clients including OpenAI, Nvidia, SoftBank, Meta, and Elon Musk’s xAI.
According to media reports:
→ CEO Safra Catz stated that the company’s Remaining Performance Obligations (RPO) could soon exceed $500 billion;
→ analysts and investors began drawing comparisons between Oracle and Nvidia, positioning Oracle as a key player in the AI ecosystem by providing essential cloud infrastructure.
However, by the end of the week, ORCL shares had retreated by roughly 15% from their peak.
Technical Analysis of ORCL
After such a steep rally, many holders likely took profits, contributing to the pullback. In addition, strong overbought signals emerged following last week’s bullish gap, indicated by:
→ the RSI indicator;
→ a price breakout above the upper boundary of the long-term channel (shown in blue);
→ the advance beyond the psychological $300 level.
Although Oracle’s long-term outlook remains highly promising, the company still holds a smaller share of the cloud services market compared with Amazon Web Services, Microsoft Azure, and Google Cloud.
At present, we could assume that the market has entered a corrective phase, with ORCL potentially retracing to the $270–280 area, where a cluster of support levels is located:
→ the median line of the medium-term (orange) channel;
→ the 50% Fibonacci retracement of the A→B impulse;
→ the upper boundary of the blue channel, which may switch its role to act as support.
Additional support could be found at $260 and at the lower edge of the gap near $240 if the correction deepens. Overall, however, given the long-term impact of the recently secured contracts, Oracle’s prospects in cloud computing and AI remain robust.
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