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genai/news//Forbes
Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally.
Oracle shares reached an intraday high of $233.72 on Monday, the highest ever.
KEY POINTS
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.