Oracle (ORCL) shares continue to skyrocket by 36% on Wednesday after reporting blowout fiscal first quarter earnings results yesterday. The stock action has propelled Oracle co-founder and former CEO Larry Ellison's net worth above Elon Musk's, cementing Ellison as the richest person in the world.
Oracle (ORCL) shares cooled off in Thursday's session after going on a tear and jumping 36% yesterday in reaction to the AI cloud company's strong fiscal first quarter earnings. Epistrophy Capital Research chief market strategist Cory Johnson comes on Market Domination to expand upon what exactly Oracle does and its various business segments.
The Q3 reporting cycle will really pick up steam when the big banks release their results near mid-October, though Oracle has already helped kick the period off positively.
The world's largest startup needs more paying users to help finance its ambitions, but researchers and consultants aren't sure they will materialize soon.
Bulls remain in control of the market in the short-term, and the price action is telling them to stay long for now. While investors should continue to be vigilent about seasonality and a potential post-FOMC pullback, price remains king.
Wall Street's "AI trade" has propelled the market to record highs this year, and Oracle's stunning share-price gains are giving investors another reason to back the trade.
Oracle Corporation surged after announcing record $455B in cloud bookings, driven by a massive AI infrastructure deal with OpenAI. Cloud infrastructure revenue is projected to grow at a 70% 5-year CAGR, potentially matching Google Cloud by 2030 if targets are met. Despite strong growth, ORCL trades at a high P/E and faces negative free cash flow and rising debt due to heavy AI-related CapEx.
ORCL's RPO skyrockets 359% Y/Y to $455B in Q1 FY26, fueled by major AI cloud deals and signaling powerful forward visibility.
Oracle stock was heading even higher as the market digests its cloud-computing surge. Its future success depends on OpenAI.
Oracle (ORCL) shares advanced in premarket trading Thursday, a day after skyrocketing 36% in their best session since 1992.
Oracle Corp (NYSE:ORCL, ETR:ORC)'s market capitalization is approaching $1 trillion after its stock price soared 36% on Wednesday as gains in enterprise software maker's AI cloud business powered the company's latest financial results. Oracle said it now expects its cloud infrastructure revenue to reach $144 billion in fiscal 2030, up from $10.3 billion in 2025.
Oracle's (NASDAQ: ORCL) stock price is soaring as investors react to the company's earnings, which included strong revenue growth projections.