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.

Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001.

The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI.

Learn more about your ad choices. Visit megaphone.fm/adchoices