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.
Nvidia stock was rising as Oracle's cloud computing backlog could translate into huge spending on artificial-intelligence chips.
John Boozman, an American politician serving as the senior U.S. senator from Arkansas, invested in several stocks on April 16, 2025.
OpenAI appears to have developed an appetite not just for data, but for power: to the tune of $300 billion. That is the reported value of a five-year contract signed with Oracle, making it one of the largest cloud computing deals ever struck, according to the Wall Street Journal.
Larry Ellison has long collected islands, yachts and even a tennis tournament. Now, he has come within a whisker of collecting the title of the world's richest man.
Oracle Corporation's stock surged 36% after management revealed massive new contracts and a backlog jump, despite missing revenue and EPS estimates. Cloud operations, especially Oracle Cloud Infrastructure, are driving growth, with management forecasting significant revenue expansion through 2030. Backlog exploded to $455 billion, fueled by major deals with OpenAI, xAI, Meta, Nvidia, and AMD, signaling robust future demand.
Oracle's (ORCL) blistering stock gain amid strong AI demand has Wall Street analysts racing to raise their price targets—with most expecting its record run isn't over yet.
Ben Reitzes, Melius Research head of tech research, joins 'Fast Money' with reaction to Oracle's record run.
Oracle's (ORCL) earnings "weren't good at all," says Nigam Arora, "but the projections were eye-popping." He talks about the attainability of the company's projected 800% cloud infrastructure revenue goal between fiscal 2027 and fiscal 2030.