+3.13% to $145.75 from $141.32
What moved ORCL
- Oracle has drawn up plans for a new round of layoffs timed before the start of its fiscal second quarter, following roughly 21,000 job cuts already made in 2026.
- The company has a newly authorized at-the-market equity program of up to $20 billion as part of roughly $40 billion in planned debt and equity financing for fiscal 2027.
- Oracle’s free cash flow was negative $23.7 billion last year as capital spending on AI infrastructure surged to $55.7 billion.
Sources: TheStreet · Yahoo Finance
+3.10% to $146.47 from $142.07
What moved ORCL
- The Department of Veterans Affairs raised the ceiling on its Oracle Health electronic-health-record modernization contract by about $17 billion, to nearly $27 billion, and added optional one-year extensions that could stretch the deal through May 2031.
- Mizuho reiterated its rating on Oracle following the VA contract expansion.
- The VA has deployed the Oracle Health system at eight medical facilities so far this year, with three more sites going live Aug. 22 and two more Oct. 24, out of 164 VA medical centers total.
Sources: FedScoop · Investing.com · Nextgov/FCW
+9.22% to $141.85 from $129.87
What moved ORCL
- Shares rose alongside CoreWeave and Snowflake in a broad risk-on rally across AI-linked cloud infrastructure names.
- The gains extended last week’s news of an expanded partnership bringing Google’s Gemini AI models to more Oracle customers.
- Oracle continues to face investor questions about converting its roughly $638 billion contracted backlog into cash flow.
Sources: 24/7 Wall St. · The Motley Fool · ts2.tech