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.