Oracle stock gains 36% to post best day since 1992, adding $244 billion in value
Oracle stock roared 35.95% higher on Wednesday after reporting gobsmacking cloud demand numbers, setting the company to a historic gain.The cloud giant posted an all-time high and had its best day since 1992. Oracle gained $244 billion in market cap and is now at $922 billion.The company said Tuesday after the bell that it hasĀ $455 billion in remaining performance obligations, up 359% from a year earlier."This is a very historic kind of print right here from Oracle with this backlog," Ben Reitze...
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