Oracle on Pace to Add $190 Billion in Value on Blowout Forecast

Oracle Corp. is on track to add about $190 billion to its market value after a blowout revenue forecast for its cloud infrastructure business sent the stock soaring.

If the stock’s 28% gain in the postmarket session on Tuesday holds through Wednesday trading, it would be the biggest single-day advance for Oracle since 1999, according to data compiled by Bloomberg.

Continue Reading