Oracle stock booms 30%, on pace for best day since 1999

Core Insights - Oracle's stock surged 37% following the announcement of exceptional cloud demand, positioning the company for a historic gain and nearing a $1 trillion market cap [1] - The company reported $455 billion in remaining performance obligations (RPO), reflecting a 359% increase year-over-year, significantly surpassing market expectations of $180 billion [2] - Analysts expressed astonishment at the results, with some describing the figures as "absolutely staggering" and a strong validation of the artificial intelligence sector [3] Financial Performance - Oracle's remaining performance obligations reached $455 billion, a substantial increase of 359% compared to the previous year [1][2] - The company anticipates $18 billion in cloud infrastructure revenue for the fiscal year 2026, with projections of $32 billion, $73 billion, $114 billion, and $144 billion in the following four years [2] Market Reaction - The stock's performance marked Oracle's best day since 1992, indicating strong investor confidence and market enthusiasm [1] - Analysts from various firms expressed being "blown away" by the results, highlighting the significance of the reported figures in the context of the artificial intelligence trade [3]