Oracle Stock Surges 39% Amid AI-Driven Cloud Demand, Nears $1 Trillion Valuation

Oracle shares skyrocketed 39% on Wednesday, approaching a historic $1 trillion market capitalization. The surge follows an explosive earnings report showing $455 billion in remaining performance obligations—359% above prior-year levels and more than double analyst expectations.

Cloud infrastructure demand, particularly for AI applications, fueled the rally. Oracle's deep access to Nvidia GPUs positions it as a key player in the AI arms race against Microsoft, Amazon, and Google. The company forecasts $18 billion in cloud revenue by 2026, with projections reaching $144 billion within four years.

"This backlog represents a historic inflection point," said Melius Research analyst Ben Reitzes. The staggering RPO figure suggests Oracle's cloud business may be accelerating faster than any enterprise software provider in history.