US Stock Market Move | CoreWeave (CRWV.US) surged more than 20% following the financial report from Oracle Corporation (ORCL.US).

On Wednesday, shares of cloud infrastructure company CoreWeave (CRWV.US) surged, rising more than 20% to $120.19 at the time of writing. The stock price was boosted by Oracle Corporation's (ORCL.US) financial report, in which Oracle Corporation expects its cloud infrastructure revenue to reach $18 billion in fiscal year 2026, an increase of nearly 77% from $10.3 billion in fiscal year 2025. For the following four fiscal years, the company expects this revenue to reach $32 billion, $73 billion, $114 billion, and $144 billion respectively. In addition to CoreWeave, Nebius (NBIS.US), another AI cloud infrastructure concept stock, continued its previous upward trend even after announcing a stock offering. The stock initially dropped more than 5% before the market opened, but as of the time of writing, it had risen over 2% to $97.47. Previously, Microsoft Corporation (MSFT.US) had signed a $17.4 billion cloud service agreement with the company.