Watch These Oracle Price Levels as Stock Surges 30% on Boosted Sales Outlook

Core Viewpoint - Oracle's shares surged after the company raised its cloud infrastructure sales outlook and reported the addition of several large customers driven by increasing AI demand [1][2][7] Group 1: Financial Performance - Oracle anticipates cloud infrastructure sales to increase by 77% to $18 billion for the fiscal year, surpassing the previous forecast of 70% growth [2] - The company expects to onboard several multi-billion-dollar customers in the upcoming months, aiming to push booked cloud orders over half a billion dollars [2] Group 2: Stock Performance - Leading up to the earnings release, Oracle's shares rose 45% in 2025, significantly outperforming the S&P 500 [3] - The stock was trading up 32% at $318 in premarket trading [3] Group 3: Technical Analysis - Oracle shares formed a flag pattern after reaching an all-time high in late July, indicating a potential continuation of the long-term uptrend [4] - The measured move technique suggests an upside target of $384, representing nearly a 60% increase from Tuesday's closing price [6][7] - Critical support levels to monitor are around $261 and $198 [7]