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Why Oracle Stock Zoomed Nearly 13% Higher This Week

Over the past few days, many investors gazed into the future of database king Oracle (ORCL 3.18%) and liked what they saw.On the back of positive remarks from the company's CEO and bolstered by an apparent deal with a major artificial intelligence (AI) developer, the stock's price resolutely headed north. According to data compiled by S&P Global Market Intelligence, it rose by just under 13% during the week. Two hot business segmentsOracle's fine week kicked off on Monday, when the company provided an updat ...