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Oracle’s Cloud Surge Sends Shockwaves Through Tech Sector
Oracle’s Cloud Surge Sends Shockwaves Through Tech Sector
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Oracle shares skyrocketed 35% this week after reporting staggering first-quarter earnings, marking its best performance since 1992. The cloud giant's $455 billion in remaining performance obligations—a 359% year-over-year surge—caught Wall Street off guard.
Four multibillion-dollar cloud infrastructure deals fueled the rally, with Oracle projecting $18 billion in AI-driven data center revenue for fiscal 2026. The company's specialized facilities for large language model operations position it as a dark horse in the AI infrastructure race.
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