US Stock Market Move | 2027 fiscal year revenue guidance strong, Oracle Corporation (ORCL.US) opens with a major increase of over 13%

On Wednesday, Oracle Corporation (ORCL.US) opened with a surge of over 13%, reaching its largest increase since September of last year, now trading at $169.88. In terms of news, Oracle Corporation's performance for the third quarter of the 2026 fiscal year showed a significant growth in its cloud business that exceeded market expectations, providing a strong outlook for future revenue in the next year, indicating that the company is gradually fulfilling substantial orders from large AI clients. Oracle Corporation released a statement on Tuesday, stating that for the third fiscal quarter ending on February 28, the company's cloud infrastructure business revenue increased by 84% year-on-year, reaching $4.9 billion, exceeding analysts' previous expectations of 79% and significantly faster than the 68% growth rate in the previous quarter. The financial report shows that the remaining performance obligations (RPO) to measure future order size reached $553 billion, higher than the $523 billion from the previous quarter. The company stated that this growth mainly came from large AI contracts, where customers typically provide funding for the early purchase of key equipment such as semiconductors in these projects. Looking ahead, Oracle Corporation expects total revenue for the 2027 fiscal year (starting from June of this year) to reach $90 billion, significantly higher than the market's average expectation of $86.7 billion. The company stated in its announcement that the growth rate of cloud computing demand for AI training and inference still exceeds market supply.