Oracle pops nearly 13%, leading bounce back rally in software stocks

Oracle pops nearly 13%, leading bounce back rally in software stocks

Oracle Corporation rings the Opening Bell on the New York Stock Exchange on Feb. 3, 2026. NYSE Oracle‘s inventory surged nearly 13% as software shares, crushed down by artificial intelligence disruption fears, clawed back some year-to-date losses. Shares posted their greatest day since September. Adobe jumped greater than 6%, whereas Salesforce rallied 5%. ServiceNow, HubSpot,…

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Oracle cutting thousands in latest layoff round as AI spending booms

Oracle cutting thousands in latest layoff round as AI spending booms

Oracle has began telling staff that it is cutting thousands of jobs, CNBC has confirmed, as the software program maker offers with a plummeting inventory worth tied to hefty capital commitments for constructing out AI infrastructure. While Oracle’s core enterprise is on the receiving finish of market panic about aggressive threat from generative artificial intelligence…

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