"Nuclear explosion level" performance ignites stock prices! Oracle Corporation (ORCL.US) financial report ignites Wall Street's AI aspirations Ellison's wealth soaring challenge to Musk

After announcing quarterly performance far exceeding expectations, the stock price of Oracle Corporation (ORCL.US) saw a historic surge, not only prompting positive reactions from analysts but also leading to a significant increase in the personal wealth of its co-founder Larry Ellison. "Atomic bomb-level" performance ignites stock price Analysts praise In pre-market trading on Wednesday, Oracle Corporation's stock price soared by nearly 32%, marking the largest single-day increase since 1999. The key indicator that ignited the stock price was the astonishing growth in Oracle Corporation's "Remaining Performance Obligations" (RPO) - a metric measuring the potential future revenue, which surged by 359% year-on-year, reaching $455 billion. The team of Jefferies analyst Brent Thill stated in a report, "RPO had a strong performance in the first quarter, far exceeding market expectations, further confirming the trend of Oracle Corporation's accelerating business growth." The firm maintained a "buy" rating for Oracle Corporation and raised its target price from $270 to $360. Thill added that despite slightly lower-than-expected performance in Oracle Corporation's cloud business for the first quarter and no adjustment in the performance guidance for the fiscal year 2026, long-term performance forecasts appear conservative, with a possibility of an upward revision at analyst meetings. Thill and his team said, "Oracle Corporation's market value increased by approximately $199 billion in after-hours trading, while its quarterly RPO increased by $317 billion quarter-on-quarter. This means that if Oracle Corporation can convert RPO into actual revenue, there is further upside potential for its stock price." Evercore maintained an "outperform" rating for Oracle Corporation and raised its target price from $270 to $340. The team of analysts led by Kirk Materne noted that while Oracle Corporation's overall performance for the first quarter was in line with expectations, the accelerated growth in the backlog for Oracle Corporation Cloud Infrastructure (OCI) was the core highlight of this financial report, confirming the company's earlier predictions of faster revenue and earnings growth in the future. The team stated, "The construction of OCI means an increase in capital expenditure, but we believe long-term investors will appreciate this balance - it is worth increasing investments in the short term to establish a leading position in the next generation AI infrastructure field while also reaping accelerated revenue and earnings growth in the future." Materne and his team added that besides the AI business, other segments of Oracle Corporation's infrastructure business portfolio (including sovereign cloud and multicloud databases) performed better than the market average and remain the core support for long-term growth narrative - especially the potential growth related to enterprise AI inference in the next three to five years. Morgan Stanley maintained a "hold" rating for Oracle Corporation with a target price of $246. The team of analysts led by Keith Weiss stated, "Oracle Corporation's first-quarter new order volume reached a high of $332 billion, not only the highest single-quarter order volume in the software industry's history but also a sign of a fundamental transformation in the company's business model - transitioning to a 'data center operator.'" Analysts mentioned that despite facing challenges in gross margin pressure, Oracle Corporation's future earnings per share targets are expected to be significantly revised upwards. Weiss and his team stated that Oracle Corporation's core business is rapidly transitioning to becoming a "GPU data center operator," and a series of new contracts have positioned it as a leader in the market. While details of these contracts are scarce, Oracle Corporation's management has stated that in the current quarter, they have signed four contracts worth tens of billions of dollars with three different customers. Ellison's wealth surges near Musk as competition for the world's richest heats up Oracle Corporation's recent stock surge also propelled Ellison's wealth, bringing him close to challenging Elon Musk for the title of the world's richest. According to the Bloomberg Billionaires Index, Ellison's net worth surged by $70 billion in a single day, reaching $364 billion, just a step away from Musk's $384 billion. If Oracle Corporation maintains its upward trend after the stock market opens on Wednesday, Ellison will set a record for the largest single-day wealth increase in the history of the index. So far this year, Oracle Corporation's stock price has risen by 45%, while Musk's Tesla, Inc. (TSLA.US) stock price has fallen by 14%, narrowing the wealth gap between the two billionaires. As the Chairman and Chief Technology Officer of Oracle Corporation, the majority of Ellison's wealth is closely tied to the software giant's stock. After initially topping the global wealth ranking in 2021, Musk was subsequently surpassed by Jeff Bezos of Amazon.com, Inc. (AMZN.US) and Bernard Arnault of LVMH (LVMUY.US), regaining the top spot last year and holding onto it for over 300 days. Oracle Corporation's performance explosion has once again intensified the competition for the title of the world's richest.