Oracle's stock has surged due to significant developments in its cloud infrastructure business, driven by high demand for AI capabilities. The company reported a 44% increase in Remaining Performance Obligation (RPO) to $98 billion, largely attributed to new AI training contracts. Oracle signed over 30 AI contracts worth more than $12 billion in Q4 and nearly $17 billion for the fiscal year. Key partnerships with OpenAI and Google have further strengthened Oracle's position in the AI market. Oracle's cloud infrastructure has been chosen to extend Microsoft's Azure AI platform, enhancing its competitive edge. Despite missing earnings expectations, Oracle's stock rose by 10%, reflecting investor confidence in its long-term growth prospects. Oracle's stock increased by +9.5% after hours and +7.87% pre-market, reaching a record high. The company expects continued strong AI demand to push sales and RPO even higher throughout fiscal year 2025.