Shares of veteran tech company Oracle (NYSE: ORCL) enjoyed a spectacular year. The stock was at a 52-week low of $99.26 last December before beginning an upward ascent in 2024. Just weeks ago, shares hit an all-time high of $178.61. Oracle originally rose to prominence for its database software. Today, the company is focused on cloud computing , and that has supercharged its stock. Why? Because the cloud is the ideal home for artificial intelligence (AI), given AI's need for massive data and computing power. With the rise of AI combined with Oracle winning the business of ChatGPT creator OpenAI this year, the venerable tech titan's stock justifiably deserves investor interest. Does this mean now is the time to buy Oracle shares?
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