Oracle shares rise 9% after strong AI-driven earnings report

On March 10, 2026, Oracle (ORCL) experienced a significant 9% surge in its stock price following a stellar fiscal third-quarter earnings report.

Total revenue climbed to $17.2 billion, a 22% increase compared to last year, largely fueled by a massive 44% jump in cloud revenue.

Most impressive was the 84% surge in cloud infrastructure revenue and a record-breaking $553 billion in Remaining Performance Obligations, signaling strong future demand.

Oracle’s aggressive strategy centers on artificial intelligence; they are investing $50 billion in capital expenditure this fiscal year to expand data center capacity for AI training and inference.

As Oracle positions itself as a key competitor alongside major tech hyperscalers, the market remains bullish on its ability to dominate the global AI infrastructure race despite the challenges of managing such rapid, large-scale expansion.