"Oracle shares will make me a little richer than I am now. I've nothing more to tell you. So far, they cost less than $220, not $250 and not $300". That was exactly what I told you in early July. And now the share price of Oracle is at nearly $320 after soaring by more than 32% (!) in the pre-market on Wednesday. I adore Oracle business. I also felt it was very much undervalued. But right now this is one of the most strange and barely unjustified one-off upside moves I have ever seen. So, I am fully satisfied with the current amount of profit and just take it immediately.

I don't even really care about the underlying reason behind such a crazy move, because this jump of such a giant company is too big for any kind of regular trading. I would take profits on any reason for the spike, as there will almost certainly be not only higher prices in the very near future, but also some lower pullback for re-entry after Oracle's price technical consolidation within some higher-than-before but lower-than-now range. Still, I will briefly describe to you what the point is behind this amazing price action, for those who missed it all.

The company's RPO (remaining performance obligations), which is actually an effective measure of booked revenue, surged by stratospheric 360% YoY to as much as $455 billion. The consensus number was $178 billion "only". And Oracle's CEO Safra Catz also projected “several additional multi-billion-dollar” clients to be signed in the nearest "few months". Booked revenue at Oracle's cloud infrastructure division will soon surpass half-a-trillion Dollars, the company emphasized, thanks to its relatively low-cost, artificial intelligence-powered offerings, as it is going to grow 77% to $18 billion during the current fiscal year and then reach $32 billion, $73 billion, $114 billion, and ultimately $144 billion over the next four years. Oracle is producing a range of popular AI reasoning models, such as OpenAI’s ChatGPT and xAI’s Grok, available to its customers, Safra Catz commented. This piece of news effectively offset some fell-short-of-estimates quarterly results, which was high but didn't set another record. Its EPS (earnings per share) were at $1.47 on revenue of $14.93 billion, compared with expert pool estimates of $1.48 on $15.04 billion and $1.70 per share on $15.9 in the previous brilliant quarter.

UBS analysts noted that "the scale of the backlog" with $317 billion of deals added in the previous quarter alone is "so materially above Street estimates and drives such a material upward revision" that Oracle stock "deserves to re-rate materially higher, turning Oracle into perhaps the biggest large-cap growth acceleration story in all of tech". Well, Guggenheim raised Oracle stock price target today to $375, meaning another 17% of potential surplus to $320 at the moment. But that will happen later, of course. Who knows, where the price will be tomorrow or just next week? For me, this bullish jump already gave more than enough. So, I'm happy. I'd rather hold on to the shares of other AI flagships, such as NVIDIA to feed the whole ecosystem of partners to build Oracle’s data centers , including Broadcom, whose work is dependent on graphics processing units' demand and which are still far away from achieving price goals, in my opinion.