No company worth over $500 billion has ever gained more than 25% in a single day. Oracle’s stock increased by far more than that on Wednesday.

Oracle co-founder Larry Ellison believes the real breakthrough for AI will come from inference, which has potential in fields from robotics to drug design.

Oracle reported weaker-than-expected results but touted a $30B OpenAI cloud contract and growing AI demand as proof its long-term growth trajectory remains strong.

Stifel analyst Brad Reback maintained a Buy rating and raised the price target from $250 to $350. Evercore ISI Group maintained an Outperform and raised the price target on Oracle stock from $270 to $340. Wolfe Research analyst Alex Zukin maintained Oracle with an Outperform and raised the price target from $300 to $400.

Wall Street is heading for more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial-intelligence boom.

Oracles meteoric rise stunned Wall Street as ORCL jumped 31% premarket, fueled by a $500B AI cloud revenue surge. From cloud laggard to AI leader, the companys deals with OpenAI, Meta, and Nvidia signal booming demand for Oracle Cloud Infrastructure.

Wall Street's main indexes notched record-high closes on Thursday following gains in Tesla and Micron Technology, while U.S. inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month.

Oracle ( ORCL) is set to report its fiscal first-quarter earnings Tuesday after the bell, with Wall Street expecting a 30% jump in cloud business revenue fueled by AI. Investors will also be watching closely for details on the company's $30 billion deal, reportedly with OpenAI.