43% Surge Propels Market Cap Past $1 Trillion! Oracle Lifts Ellison to Top, Eyes Top 10 in S&P 500

TradingKey - On Wednesday (U.S. Eastern Time), Oracle (ORCL.US) surged as much as 43% following the announcement of multiple major contracts, closing up nearly 36% at $326.33, a new all-time high.

Source: Oracle stock chart, TradingKey

The rally briefly propelled Oracle founder Larry Ellison past Elon Musk to become the world’s richest person, according to real-time wealth estimates. Although the lead narrowed as shares pulled back, Ellison remains close behind Musk in net worth.

Notably, Bloomberg reported that Oracle could soon surpass JPMorgan Chase to enter the top 10 most valuable companies in the S&P 500 index.

Oracle’s strong forward revenue outlook overshadowed an otherwise mixed first-quarter performance. The company reported quarterly revenue growth of 12%, reaching $14.93 billion, slightly below the $15.04 billion consensus estimate from analysts surveyed by FactSet.

Despite the surge, skepticism remains in the market.

Melius Research noted that Oracle’s $455 billion in remaining performance obligations (RPO) is “staggering” and supports its ambitious cloud infrastructure sales targets.

However, Davidson & Co. analysts pointed out that while the surge in bookings signals strong future revenue growth, it does not alleviate concerns about Oracle’s relatively low operating profit margins.

Enguerrand Artaz, fund manager at La Financière de l’Echiquier, said the market is now fully pricing in Oracle’s optimistic outlook — but whether the company can deliver on these expectations remains to be seen over time.

Click for more: TradingKey Analyst Insights – Oracle Q1 FY2026 Earnings: Cloud Surge and Record RPO Fuel AI Optimism