Oracle increased its capitalization by 36% in just one day. That's a record for bigtechs

The surge in shares of cloud services provider Oracle on Sept. 10 secured its place in history: never before has such a large company shown such powerful growth in just one day, MarketWatch writes. Oracle's capitalization approached $1 trillion after jumping 36% in a day.

Oracle quotes rose 36% at the end of trading on September 10 - to $328.3 per share. Such jumps have happened before in the company's history - but about 30 years ago, when it was much smaller, MarketWatch notes. According to Dow Jones Market Data, this is the first-ever one-day gain of more than 25% for a public company with a capitalization of more than $500 billion.

At the close of trading, Oracle's capitalization was $946 billion, up $247 billion for the day - the seventh largest increase in value in history, The Wall Street Journal calculated.

With its new market value, Oracle has surpassed JPMorgan Chase and Walmart to become one of the top 10 largest U.S. public companies for the first time since 2011, the publication notes.

The rise in the cloud computing provider's shares has significantly increased the fortune of the company's chairman Larry Ellison, who replaced Elon Musk at the top of Bloomberg's list of the world's richest people.

The record rise in Oracle stock also triggered a broad rally in AI-related securities, including Broadcom, TSMC, Nvidia, AMD and Palantir.

Oracle's planned orders, as reflected in its RPO (remaining performance obligations) metric, jumped 359% to $455 billion in the first quarter of fiscal 2026, which ended Aug. 31. Oracle CEO Safra Catz called it an "astounding quarter" and added that Oracle had a "brilliant start" to the new fiscal year.

TD Cowen analysts called the quarter "arguably the most significant" in the company's history, although they noted that current financial results were not as impressive as future projections. TD Cowen, whose note was cited by MarketWatch, believes the large cloud contract commitments bolster investor confidence in Oracle's AI leadership. In addition, the contracts include a significant amount of spending on AI inference (delivering a finished answer to the end user), which analysts believe will support long-term demand. TD Cowen believes that it is inferencing - running ready-made AI models rather than training them - that could be a more promising area for Oracle, as such services can be sold to millions of end users, not just the top 10-20 AI vendors.

RPO grew to $455 billion thanks to the Stargate joint initiative involving OpenAI and SoftBank. Oracle also signed two other major contracts this summer. According to analysts at TD Cowen and Melius Research, these could be partners such as xAI and Meta Platforms, MarketWatch writes. That means revenue after 2026 will be significantly higher, Melius analysts led by Ben Reitzes note.

In a Sept. 9 report, the company said its revenue from cloud-based artificial intelligence solutions is expected to reach $144 billion by fiscal 2030, a 620% increase over the company's forecast for the current year.

This article was AI-translated and verified by a human editor