Oracle Corp. shares advanced nearly 6% in midday trading Monday, climbing to around $138 amid a broader rally in technology stocks and renewed investor focus on the company's cloud and artificial intelligence growth trajectory.

The stock rose $8.26, or 6.36%, as markets responded to signs of de-escalation in Middle East tensions following U.S. President Donald Trump's decision to pause planned military action against Iran. Broader equity indexes also gained, with the S&P 500 and Nasdaq Composite posting solid advances as oil prices eased and risk appetite improved.

Oracle has been a prominent beneficiary of the AI infrastructure buildout, even as its shares have experienced significant volatility over the past year. The company reported record results for its fiscal fourth quarter and full year 2026 in June, highlighting rapid expansion in cloud infrastructure and a substantial backlog of contracted business.

Remaining performance obligations, a measure of contracted future revenue, reached a record $638 billion at the end of the fourth quarter, up sharply from earlier periods. Cloud infrastructure revenue in the quarter rose 93% year over year to $5.8 billion, while total cloud revenue climbed 47% to $9.9 billion. Full-year cloud infrastructure revenue advanced 77% to $18.1 billion.

The company has guided for continued strong growth, with fiscal 2027 total revenue expected around $90........

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