Spurred by its latest earnings report and the securing of a major AI order, Oracle's stock price has witnessed a remarkable two-day surge. By the close of trading on September 10th (Eastern Time), the stock price had climbed to $328.33 per share, reflecting a staggering single-day increase of 36% and propelling its market capitalization to the brink of the trillion-dollar threshold. The earnings report for the first quarter of fiscal year 2026 unveiled that Oracle's remaining performance obligations (RPO) had soared to a staggering $455 billion, significantly surpassing market expectations. Analysts project that this figure will exceed $500 billion in the coming months. This remarkable growth is primarily attributed to the burgeoning demand for AI computing power and multi-cloud services. Notably, OpenAI is rumored to be on the verge of signing a monumental $300 billion computing power procurement agreement with Oracle.

Oracle is optimistic about its total revenue and cloud business growth in the second quarter, with the anticipated gradual conversion of RPO growth into tangible revenue. Furthermore, Oracle is making significant strides in multi-cloud database interconnections with the three leading cloud providers, resulting in a rapid expansion of its multi-cloud business. Nevertheless, the global cloud infrastructure market continues to be dominated by the top three players. Oracle's founder, Ellison, is personally overseeing cloud infrastructure R&D efforts, with OCI emerging as a vital infrastructure for large clients to train and deploy AI models. Additionally, Oracle has secured a reliable supply of AI chips and is actively collaborating with multiple partners.

Fueled by Oracle's stock price rally, several stocks in the AI computing power hardware sector and related shares on the A-Share market also experienced substantial gains on September 11th. Central China Securities opines that increased overseas AI investment will expedite the development of domestic basic software and hardware.