On September 10, 2025, following the close of U.S. stock markets, Oracle's shares skyrocketed by over 36%, catapulting its market capitalization up by a staggering $251 billion (equivalent to roughly RMB 1.78 trillion) in a single trading day. This surge propelled Oracle's founder, Larry Ellison, to the pinnacle of global wealth, with his personal fortune soaring past $393 billion and eclipsing that of Elon Musk. The driving force behind this meteoric rise was Oracle's revelation of its cloud business growth forecasts: For the inaugural fiscal quarter of the 2026 fiscal year, which concluded on August 31, Oracle's remaining performance obligations (RPO) soared to $455 billion, marking a more than fourfold increase from the previous year. The linchpin of this growth was a monumental five-year, $300 billion computing power procurement contract inked with OpenAI.

This landmark agreement is set to commence in 2027, with annual procurements reaching a colossal $60 billion. The scale of the endeavor is immense, requiring a staggering 4.5 gigawatts of power capacity—a figure equivalent to the electricity consumption of 4 million households. Oracle also divulged that it had secured multi-billion-dollar contracts with other AI titans, including xAI and Meta. The company projects that its cloud infrastructure revenue will surge by 77% year-over-year to $18 billion in the current fiscal year, with expectations to surpass the $100 billion mark within the next four years.

Despite the significant uptick in capital expenditures attributed to data center construction, the robust market expectations for AI-driven cloud demand growth have fueled Oracle's stock price to unprecedented heights.