Oracle shares rose 1.9% to $156.88 during midday trading, tracking a broader technology sector recovery and positive hedge fund disclosures.
- Adage Capital Partners increased its stake in Oracle by 19% to 1.87 million shares, a position valued at approximately $365 million.
- Investors are focused on near-term catalysts, including Federal Reserve meeting minutes and Oracle’s fiscal third-quarter earnings report scheduled for mid-March.
- The stock remains under scrutiny regarding the profitability timeline for its $45-50 billion data-center expansion and 2026 funding plan.