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yesterday

Oracle Shares Log Best Weekly Gain Since 2001 With Soaring Cloud Demand

Oracle’s stock is on track for a 24% weekly gain fueled by exceptionally strong cloud revenue.

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Overview

  • Oracle shares have surged about 24% this week, marking the biggest weekly rise since April 2001.
  • Quarterly revenue and earnings topped analysts’ estimates and CEO Safra Catz forecast more than $67 billion in sales for the coming fiscal year.
  • Cloud infrastructure growth is expected to accelerate from 50% in fiscal 2025 to over 70% in fiscal 2026.
  • Capital expenditures exceeded $21 billion in fiscal 2025 and are projected to reach $25 billion in fiscal 2026 as Oracle races to expand data-center capacity.
  • Chairman Larry Ellison described demand as “astronomical,” with major clients including Meta, OpenAI and xAI straining Oracle’s ability to build new facilities fast enough.