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Oracle stock booms 30%, on pace for best day since 1999

1. Oracle stock surged 40% after revealing strong cloud demand numbers. 2. Company approaches $1 trillion market cap, currently valued at $950 billion. 3. Remaining performance obligations increased by 359% to $455 billion year-over-year. 4. Analysts shocked by cloud revenue projections, indicating substantial market confidence. 5. First-quarter earnings slightly missed expectations despite robust cloud outlook.

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FAQ

Why Very Bullish?

The historical demand numbers indicate strong future growth potential for Oracle, reminiscent of major tech surges in the past, such as when Amazon AWS significantly boosted Amazon's stock.

How important is it?

The drastic increase in demand directly affects Oracle's financial stability and growth projections, likely moving markets significantly.

Why Long Term?

The long-term revenue projections of Oracle signal sustained growth, similar to past tech booms where early indicators resulted in substantial long-term gains for companies.

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