Nobody saw the explosive growth of Oracle coming

After the stunning growth projection, Database -Softwaremaker shares Oracle Stupid with 36% Wednesday and increased its market capitalization by $ 244 billion. Larry Ellison, the chairman of the company, who has had more than 1.1 million Oracle shares for more than 25 years, saw his assets rise more than $ 100 billion. In one day.

Unfortunately for analysts who have treated the shares, association with Oracle did not seem to give them the gift of foresight – they themselves were “blown away” and “in shock” by the figures.

Another technological stock experienced a pleasant punch the same day. Shares of ClarnaA fintech company that is most famous for its “buy now, pay later” services, rose by 15% in its public trade debut. If Klarna BNPL had only offered for stock purchases – investors may have broken up more shares.

These strong movements have increased large US stock indexes. The S&P 500 And Nasdaq Composite managed to secure their third consecutive winning day and new record highs. With the American producer Price Index that lasts in August – which gives the Federal Reserve more room to lower the interest rates – the scene seems to be a more positive momentum on the market for the time being.