Oracle stock roared more than 30% Wednesday after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain.
The cloud giant is on pace for its best day since 1999, and is now quickly approaching the $1 trillion market cap benchmark
The company said it has $455 billion in remaining performance obligations, up 359% from a year earlier.
“This is a very historic kind of print right here from Oracle with this backlog,” Ben Reitzes, technology research head at Melius Research, told CNBC’s “Closing Bell: Overtime” on Tuesday. “The Street was looking for about $180 billion in RPO and they’re talking about a number that is a multiple of that. That is astounding.”
Oracle now sees $18 billion in cloud infrastructure revenue in the 2026 fiscal year, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years.
Other analysts were left “blown away” and “in shock.” D.A. Davidson’s Gil Luria called it “absolutely staggering on CNBC’s “Fast Money.” Wells Fargo analysts said it was a “momentous confirmation” of the artificial intelligence trade.
Source: https://www.cnbc.com/2025/09/10/oracle-stock-cloud-backlog-ai.html
Oracle stock booms 30%, on pace for best day since 1999
byu/Puginator instocks
Posted by Puginator
9 Comments
Magic…..you can have anything, that you desire 🎶
“AI bubble”
“Crash incoming”
“Fake numbers”
“Empty shelves”
New all time high, it always pays to stay invested
zerohedge had an interesting article where they basically concluded Ellison is free to bullshit to the moon and if anyone calls him out on his projections, they are, by association, calling out the entire AI industry and their projections.
By the time all these projections turn out to be bullshit, no one will care because we’ll be in a massive recession with bigger issues to worry about.
1999 you say?… a bit foreboding.
Why did I just not buy everyone on the Trump dinner?
Makes me wonder if we are in the AI bubble endgame, where companies just let go and throw out these insane numbers to stay relevant and mold public perception. I know that there has been plenty of that already, but this is another level from a somewhat “serious” company.
Is there any underlying technology or price advantage that we know of that could conceivably cause such a huge increase is demand for Oracle services?
Just curious – has Oracle been laying a lot of people off in the assumption they can replace them with AI?
Honestly what an absolute joke that oracle is now up 40% based on obviously fraudulent guidance. All semis are up big as well so they added almost an extra trillion in the S&P tech market cap (minus Amazon which is getting kicked in the teeth at what is probably expected loss in cloud market share).
The only thing this could be based on is the expectation they will take the lions share of OpenAIs Stargate funding. The issue here is that funding is for infrastructure buildout which OpenAI will presumably need to rent out and so they’re predicting over the next five years OpenAI models will start generating around 100B in revenue and spend it on their servers. Highly doubtful with the state of GPT5.
Insanity