Oracle Corporation has experienced a notable surge in its stock price following a report of better-than-expected quarterly earnings, driven primarily by strong sales and growth in its cloud computing business. This growth is attributed to the company's advancements in artificial intelligence (AI) capabilities and its Gen2 AI infrastructure, which has seen demand substantially exceed supply. Oracle's cloud business stabilization and large new cloud deals have been highlighted as key factors behind the stock's performance. The company's Gen2 Cloud Infrastructure business reported a 53% growth in Q3 and is expected to remain in a hypergrowth phase for the foreseeable future. Additionally, Oracle has announced upcoming 'exciting joint announcements' with Nvidia, indicating a potentially expanding partnership in AI. The robust numbers and guidance provided by Oracle, along with its significant capital expenditures, reflect a broader trend in the tech industry towards AI-driven cloud demand. Ark Invest has identified AI as a '$28 trillion opportunity', and EQT's $35 Billion Energy Deal also underscores the big AI opportunity. Oracle's shares have risen on these better-than-expected quarterly earnings, with a significant $80 billion of RPO (grew 29% yoy) blowing away Street expectations on AI/cloud demand.