During regular trading hours in the US today, $Oracle (ORCL.US)$ The stock price opened high and continued to rise. As of the time of writing, the stock has risen more than 4% to $168.57.

Oracle's financial report is undoubtedly the major driving force behind the recent increase in stock price. The financial report shows that in the first fiscal quarter of the 2025 fiscal year, ending in August, Oracle's revenue exceeded expectations with a year-on-year growth of 7% to $13.3 billion. Among them, the revenue of the highly anticipated cloud infrastructure (OCI) also showed strong performance, with a year-on-year growth of 45% to $2.2 billion, surpassing Wall Street's expectations. Oracle's revenue guidance for the second fiscal quarter growth range is 8% to 10%, with the median value higher than the analyst's expected growth rate of 8.72%.

Due to the optimistic prospects for cloud revenue, Oracle has raised its revenue forecast for the 2026 fiscal year and announced optimistic projections for the 2029 fiscal year. The company expects revenue for the 2026 fiscal year to be at least $66 billion, surpassing the analyst's consensus estimate of $64.5 billion. Looking ahead to the 2029 fiscal year, the company's revenue is expected to exceed $104 billion, surpassing the trillion-dollar mark.

Since Oracle announced its financial report on September 10th, the company has seen a cumulative increase of up to 20% in the past few trading days.

Currently, Larry Ellison's net worth has once again surpassed Amazon founder Jeff Bezos, becoming the world's second richest person. According to the latest data from Forbes' real-time billionaire rankings, Ellison's current net worth is $204.9 billion, while Bezos' net worth is $203.2 billion. Last Friday, Ellison's net worth briefly surpassed Bezos', but due to the decline in Oracle's stock price, Ellison's assets have subsequently decreased.

In 1977, Ellison co-founded Oracle with others, and he is one of the biggest winners in the AI boom. Ellison owns approximately 40% of Oracle's outstanding shares, making him the largest shareholder of the company.

Morgan Stanley analyst Keith Weiss has emphasized that Oracle's stock performance has far exceeded its peers in the software industry so far this year. He attributes this strong performance to Oracle being seen by investors as the main beneficiary of AI hardware scarcity, which has driven the development of its OCI business.

Several major banks have also raised their target prices for Oracle. Jefferies Financial has raised its target price for Oracle from $170 to $190. J.P. Morgan Stanley maintains a buy rating on Oracle with a target price of $190.

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