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BiyaPay Analyst: Oracle's market cap rose by 247 billion overnight, igniting the global AI market.
BlockBeats news, on September 11, BiyaPay analysts pointed out that the US stock market witnessed a shocking feast last night, as tech giant Oracle (ORCL.US) released earnings far exceeding expectations along with AI-related guidance, resulting in a big pump of 36% in its stock price, marking the largest single-day rise since 1992, and boosting its market capitalization to nearly a trillion dollars, placing it among the top ten in the US stock market, surpassing traditional financial giants like JPMorgan. In this explosion of "AI brutal aesthetics," several core data points are noteworthy: Oracle's remaining performance obligations (RPO) surged to $455 billion, a year-on-year growth of 359%; its expected price-to-earnings ratio broke 48 times, reaching the highest level since 2001; CEO Ellison's wealth increased by $88.5 billion in a single day, briefly making him the richest person in the world. Wall Street institutions have raised their target prices, with Citigroup giving the highest expectation of $410. This "explosive growth" in Oracle's earnings not only reversed market concerns about the sustainability of the AI boom but also led to a comprehensive rebound in AI concept stocks such as AMD, NVIDIA, and Broadcom, announcing that investment in AI infrastructure has entered a new phase. As a smart financial platform with multi-market access globally, BiyaPay is helping users quickly track US and Hong Kong stock trends and conveniently trade popular tech stocks. Through BiyaPay, users can deposit USDT and directly participate in US stock trading, including AI leaders like Oracle (ORCL.US) and NVIDIA (NVDA.US), achieving seamless connection between digital assets and traditional stock markets.