Oracle Corp's shares surged more than 13% on Thursday, closing at a record high of $199.87 after the company reported fiscal fourth-quarter results that exceeded Wall Street expectations. During intraday trading, the stock reached an all-time peak of $202.44. The strong quarterly earnings contributed to Oracle's best weekly performance since 2001, with the stock gaining approximately 24% over the week. Most of these gains occurred in the two trading days following the earnings release, driven by positive momentum in Oracle's cloud business.