The global cloud giant enjoyed its best daily performance in 33 years, gaining $244 billion in market cap to reach $922 billion in value.
Oracle (ORCL) shares rose 36% on Wednesday after stunning investors with an extraordinary growth projection that supercharged its stock price. The database software giant posted an all-time high and had its best day since 1992.
It comes after the company projected that cloud infrastructure revenue would climb to $144 billion by fiscal 2030. This represents a huge leap from its growth forecast of $18 billion for the current fiscal year, to the shock of many analysts.
After the details emerged in Oracle’s Q1 2026 earnings report, it gained more than $244 billion in value to reach a market cap of $922 billion. Its remaining performance obligations rose 359% from a year earlier, reaching $455 billion in customer contracts to be delivered in the future.
Meanwhile, company chairman Larry Ellison saw his personal fortune increase by more than $100 billion in a single trading session. He has held Oracle stock for decades, and Wednesday’s rally reinforced his status among the world’s richest individuals.
Despite its strong outlook, the firm missed Wall Street expectations for the latest quarter, reporting adjusted earnings of $1.47 per share. Revenue came in at $14.93 billion, slightly below forecasts, but the shortfall failed to dent investor enthusiasm.
Oracle shares continue rapid rise
Shares in Oracle have climbed impressively throughout 2025, rising more than 46% so far this year. Its growth has significantly outpaced the Nasdaq Composite Index, which has gained just 13% over the same period.
Sustained investor enthusiasm has been fuelled by Oracle’s aggressive expansion in cloud infrastructure and its substantial future revenue streams. It has lined up a range of multibillion-dollar deals with leading artificial intelligence (AI) firms including OpenAI, xAI, and Meta.
Oracle’s strong momentum places it in direct competition with technology giants such as Microsoft, Amazon, and Google. Analysts believe its focus on AI infrastructure and access to powerful computing chips will help sustain its rapid climb.
Oracle’s bold future growth plans
According to reports, Oracle has agreed a five-year, $300 billion deal to provide computing power to OpenAI, starting in 2027. It follows a July announcement that revealed plans to build massive data centres with a power capacity of 4.5 gigawatts.
As part of this project, Oracle aims to construct new facilities in a host of US states including Texas, Wyoming, Pennsylvania, and Michigan, in partnership with the developer Crusoe. These efforts will support the Stargate project, a massive AI infrastructure initiative valued at around $500 billion.
The company plans to increase capital spending to $35 billion in 2026 to expand its data centre network. This investment reflects its strategy to secure a dominant role in AI infrastructure, even as competition from Amazon, Microsoft, and Google intensifies.
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