Oracle’s shares surged 36% on Tuesday, marking their best day since 1992, as the company’s market value increased by $244 billion. This surge was driven by surging AI-driven cloud demand, which propelled Oracle toward a projected $1 trillion valuation. The stock’s rise significantly boosted founder Larry Ellison’s fortune, adding $100 billion to his wealth and making him the world’s wealthiest person. The surge in Oracle’s stock was accompanied by a significant increase in its remaining performance obligations (RPO), which grew 359% to $455 billion from a year ago. Analysts such as Ben Reitzes from Melius Research called the RPO figure