Stock Market Today, March 11: Oracle Surges After Earnings Beat and Upbeat Long-Term Revenue Guidance

2026-03-11 17:31:41 ET

Oracle (NYSE:ORCL) , a database and cloud software provider, closed Wednesday at $163.12, up 9.18%. The stock rallied after a fiscal Q3 earnings and revenue beat, strong cloud and AI growth, and raised long-term revenue guidance. Investors are also eyeing execution on large AI data center projects.
Trading volume reached 79 million shares, coming in about 162% above its three-month average of 30.1 million shares. Oracle IPO'd in 1986 and has grown 257,656% since going public.

S&P 500 (SNPINDEX:^GSPC) slipped 0.10% to 6,775, while the Nasdaq Composite (NASDAQINDEX:^IXIC) edged up 0.08% to 22,716. Within enterprise software and cloud computing, industry peers Microsoft (NASDAQ:MSFT) closed at $404.88 (-0.22%) and International Business Machines (NYSE:IBM) finished at $248.87 (-0.53%), lagging Oracle’s post-earnings surge.

Investors breathed a big sigh of relief after Oracle’s earnings announcement. That’s because the company has become the face of concern over spending on artificial intelligence (AI) infrastructure.

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