AI computing power demand is exploding! Oracle (ORCL.US) $50 billion cloud order ignites stock price to new high, moving towards Top 10 market value in US stocks.

According to the financial and economic news app, due to Oracle's (ORCL.US) announcement of a substantial increase in first quarter business bookings and a significant upward revision of revenue guidance for its cloud infrastructure business, its stock price has surged. As of the time of writing, Oracle's stock soared 28% in after-hours trading following the release of its latest quarterly results. If the stock continues to perform well in trading on Wednesday, it will set a new all-time high, marking Oracle's largest single-day increase since 1999. Additionally, Oracle is expected to increase its market value by approximately $190 billion, pushing its market value above $800 billion.