# Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally.

*genai · news · 2026-06-01 · Forbes*

## Key points

- Oracle shares reached an intraday high of $233.72 on Monday, the highest ever.
- Oracle has repositioned itself by renting compute power to leading AI firms such as OpenAI.
- The company experienced its strongest monthly stock performance since 2001, surging 11% last Friday.
- Larry Ellison's stake in Oracle is about 40%, amplifying his personal fortune alongside Oracle's rise.

Topline Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Key Facts Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The stock has been pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI.

**Companies:** Oracle, OpenAI

[Read the full story on Forbes](https://www.forbes.com/sites/aliciapark/2026/06/01/larry-ellison-becomes-third-richest-man-as-oracle-shares-hit-years-high-passing-bezos-and-brin/)

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