Oracle stock literally SKYROCKETED. And along with it… a familiar old face took the lead in the list of the world’s richest people.
THE RPO RECORD THAT CHANGED EVERYTHING
Let’s start with the basics. On Tuesday, Oracle announced its FQ1 earnings, and while the revenue and profit numbers didn’t impress, there was one number that outshined everything else. Ladies and gentlemen, Oracle’s Remaining Performance Obligations (RPO) reached the MIND-BLOWING amount of $455 billion.
Yes, you heard that right. They increased by 359% compared to last year. For those unfamiliar, RPOs are essentially the revenues that the company has already “locked in” from existing contracts and which will be collected in the future.
To give you a sense of how HUGE this number is: Jefferies said that “RPO has gone nuclear,” while Morgan Stanley noted that it is the largest bookings number ever recorded by a software company. Evercore emphasized that this development confirms forecasts for higher revenues and earnings per share in the future, even though this quarter’s results were slightly below expectations.
What does this mean in practice? That Oracle already has secured future contracts worth $455 billion, which will gradually convert into actual revenues. In other words, there is a FUTURE. And not just a future… but accelerated growth, since this signals increased demand for Oracle’s products and services, especially in cloud and artificial intelligence.
THE STOCK WENT CRAZY
The result was explosive. Oracle stock jumped more than 35% in a single day, marking its best daily surge since 1992.
In fact, if we look at its performance overall this year, the stock has already gained more than 107%. And we’re not talking about a small startup here. Oracle has now surpassed giants like JPMorgan and Walmart in total market cap, reaching $970 billion. This makes it the 10th largest company in the S&P 500. An achievement that shows just how much it has transformed in recent years from a “traditional” software provider to a leader in AI infrastructure.
LARRY ELLISON AT THE TOP
The stock’s surge didn’t just benefit shareholders and portfolios. It also brought a massive change at the very top of the billionaire rankings. Larry Ellison, co-founder, chairman, and CTO of Oracle , saw his fortune jump by $101 billion in a single day, reaching $393 billion.
This rise represents the largest single-day increase in wealth ever recorded by the Bloomberg Billionaires Index.
This means that, according to Bloomberg, he became the richest man on the planet, surpassing Elon Musk, who “fell” to $385 billion. For context, Musk had claimed the top spot in 2021, lost it to Jeff Bezos and Bernard Arnault, then reclaimed it last year. But now, the crown has passed to Ellison. And the irony? While Tesla is down 12% this year, Oracle keeps smashing records.
And now the big question: Was this just a one-off surge, or is it only the beginning for Oracle?
For those who believe Oracle has a massive growth path ahead—especially with its expansion into data centers, artificial intelligence, and cloud infrastructure—then investing in Oracle stock could be a bet on that future.