Oracle's $250 billion gain in 1 day dwarfs TCS's valuation
On September 10, Oracle shares soared 36%, adding about $250 billion to its market value and briefly making founder Larry Ellison the world's richest person—overtaking Elon Musk for a few hours.
Oracle's market cap closed near $946 billion, more than double Tata Consultancy Services's (TCS) valuation.
Oracle's single-day gain vs TCS FY25 revenue
This jump shows just how hot cloud computing and AI are right now.
Oracle's single-day gain outpaced TCS's entire annual revenue for FY25 ($30.2 billion), signaling that investors are chasing tech companies leading in AI and cloud, not just traditional IT services.
Oracle's cloud revenue expected to reach $18 billion next year
Oracle landed massive multi-year deals with OpenAI and Meta, and partnered with NVIDIA, pushing its contract backlog to $455 billion.
The company expects cloud revenue to grow from $10.2 billion in FY25 to $18 billion next year—and is aiming for $144 billion by 2030—reflecting big confidence in its AI-powered future.