Oracle’s Earth-Shaking Day: How a Massive AI Cloud Backlog Sent Shares Soaring
In a move that has Wall Street talking, Oracle’s stock exploded by up to 35% on September 10, 2025—its best day since 1992. And the catalyst? A jaw-dropping surge in its AI-driven cloud backlog, signaling a massive shift in the company’s trajectory.
What Just Happened?
Oracle reported its Remaining Performance Obligations (RPO) leapt from $138 billion to a staggering $455 billion—a massive 359% year-over-year increase. That’s future revenue already locked in through signed contracts. Investors responded with enthusiasm, sending Oracle shares sharply higher.
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Charting Oracle’s Cloud Comeback
Here’s how Oracle is positioning itself for the AI boom:
- Cloud Revenue Forecasts: The company now expects its Oracle Cloud Infrastructure (OCI) revenue to grow 77% to $18 billion this fiscal year, and continue climbing to $144 billion over the next four years.
ReutersFinancial Times - Major Contract Wins: Oracle closed four multi-billion-dollar agreements this quarter, with big names like OpenAI, xAI, Meta, NVIDIA, and AMD signing on.
Barron’sFinancial Times - Multi-Cloud Strategy Acceleration: By powering Oracle Cloud on platforms like Amazon, Google, and Microsoft, the company grew multi-cloud revenue by an astonishing 1,529%.
Reuters
Why the Market Went Wild
- AI Demand Is Insatiable: Oracle is clearly capturing the AI infrastructure wave—its cloud units are crucial for data-hungry AI models.
Financial TimesReuters - Half-Trillion in Booked Orders? Standard-bearer optimism: CEO Safra Catz hinted that RPO could soon surpass $500 billion.
ReutersBarron’s - Market Rally & Broader Impact: Oracle’s shares fueled gains in chipmakers like NVIDIA, AMD, and Broadcom, and contributed to a big day on Wall Street.
ReutersAP News
Quick Recap Table
| Key Metric | Value & Insight |
|---|---|
| RPO (Backlog) | Jumped to $455B (+359%) |
| OCI Revenue Target | $18B this year; projected $144B over 4 years |
| Major Clients | OpenAI, xAI, Meta, NVIDIA, AMD among signed contracts |
| Strategic Scale | 1,529% growth in multi-cloud partner revenue |
| Analyst Sentiment | Bullish—shock, optimism, and revised expectations driving stock rally |
What This Means Going Forward
Oracle has rewritten the narrative—from database stalwart to AI cloud powerhouse. The massive backlog is no small feat—it’s a signal that the AI infrastructure gold rush is very much in Oracle’s sights.
That said, epic forecasts aren’t guarantees. Execution, capital investment demands, and competition from AWS, Google, and Microsoft remain as wildcards.
Still, for now, the market is betting: Oracle isn’t just staying in the AI race—it might be pulling ahead.
Want a closer look at how this compares to rival players, what analysts are projecting next, or the impact on tech leadership rankings? Just let me know—happy to break it down.
