Oracle stock booms 40%, on pace for best day since 1992
Prophecy After the Gobsmacking reported the number of cloud demands, the stock roared 40% higher on Wednesday and set out for a historical gain.
The cloud giant has been keeping up with its best day since 1992 and is now rapidly approaching the market value of $ 1 trillion. Oracle is now $ 950 billion.
The company said that after Bell, on Tuesday, an increase of 359% with an increase of 359% compared to the previous year.
Ben Reitzes, the President of the Technology Research in Melius Research, is a very historical pressure than Oracle with this accumulation in CNBC’s Tuesday “Closing Bell: Excess Work”. ” He said. “Sokak was looking for about $ 180 billion in RPO, and they’re talking about a strict number. This is surprising.”
Oracle has been one of the biggest philanthropists of the explosion of artificial intelligence thanks to the GPUs needed to access cloud infrastructure and NVIDIA’s graphic processing units, or both GPUs needed to run large workloads. However, competition is severe and jostling with other cloud providers like Oracle Microsoft– Amazon And Google For customers.
Larry Ellison, the founder of Oracle, will add about $ 100 billion to its net value. Bloomberg reported that he was on the hill Tesla CEO ELON MUSK The richest person in the world.
Oracle one -day stock graph.
Oracle currently sees $ 18 billion cloud infrastructure revenue in 2026 financially, and the company wants the annual total to reach $ 32 billion, $ 73 billion, 114 billion dollars and 144 billion dollars.
Other analysts remained “flying” and “shock”. Da Davidson’s Gil Luria described this as “CNBC’s” Fast Money “. Wells Fargo analysts, AI trade, said that AI is an” important approval “.
Analysts at Deutsche Bank called Oracle’s results in the Wednesday note “really wonderful” and underlined that the company’s position as a leader in the AI infrastructure.
They reiterated the purchasing notes on the stock and raised their price targets from $ 240 to $ 335.
“In our 20 years covering Oracle, and therefore the entire software industry, the size of the revision and the clarity of the moment, there are several three -month results matches with F1Q.” He said.
Bank of America analysts see Oracle’s “extraordinary accumulated work” as “key AI provider”. In a note on Wednesday, they raised the stock to buy it from Neutral.
“Although the profitability of AI workloads continues to be an important debate, it is clear that Oracle has a share.
Analysts, for artificial intelligence infrastructure in the big and rapidly growing market, “he wrote.
Oracle’s cloud revenue projections, the company missed expectations in the upper and lower lines, otherwise he overshadowed an inanimate first quarter report.
The company earned $ 1.47 per share for the quarter, just below $ 1.48 per share expected by the analysts who participated in the survey by LSEG. The first quarter income was $ 14.93 billion and is expected of $ 15.04 billion.
Jordan Novet from CNBC contributed to this report
