Oracle shares rose about 40% on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, underscoring its deeper push into the backbone of artificial intelligence systems.

Oracle's growth signals the end of experimental AI and urgent need for enterprises to secure production infrastructure now.

Oracle Corporation shares on Wednesday logged its best day since 1992 after the company reported rosy outlook of its cloud business driven by the intense artificial intelligence (AI) race. Credit：Oracle Oracle stock rocketed as much as 43.

Oracle is soaring as investors cheer its aggressive data-center forecast as a positive sign for AI demand.

Oracle (NYSE:ORCL) shares jumped after the company reported first-quarter results, driven by stronger-than-expected growth in its cloud and AI infrastructure business and a record backlog of multi-billion-dollar contracts,

The company added $10 billion to its capital investment plans for the fiscal year, reaching $35 billion, CEO Safra Catz said Tuesday.

Wall Street analysts are projecting adjusted earnings-per-share of $1.48 versus $1.39 a year ago. Revenue is expected to reach $15 billion, up 13% from the first quarter of 2025.