Oracle Shares Surge Most Since 1992 on Cloud Contract Wins

Oracle Surges on Earnings Report: Breaking Down the Numbers

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Brody Ford

September 9, 2025 at 8:15 PM UTC

Updated on

September 10, 2025 at 8:48 PM UTC

Oracle Corp. shares gained the most since 1992 after the company gave an aggressive outlook for its cloud business, cementing the software maker’s place in the race to support demand for artificial intelligence computing.

The stock surged 36% Wednesday in New York, bringing its market valuation to about $933 billion. The rally temporarily turned co-founder Larry Ellison into the world’s richest person, with the tech magnate passing Elon Musk for a few hours. AI-related stocks such as chip developer Nvidia Corp. and Asian suppliers also climbed.