U.S. Stock Movement | Boosted by Oracle's Earnings Report, CoreWeave Rises Over 20%

On Wednesday, shares of cloud infrastructure company CoreWeave surged, rising over 20% to $120.19 at the time of publication. The stock price was boosted by Oracle's earnings report, which projected that cloud infrastructure revenue will reach $18 billion in fiscal year 2026, an increase of nearly 77% from $10.3 billion in fiscal year 2025. For the following four fiscal years, the company expects this revenue to reach $32 billion, $73 billion, $114 billion, and $144 billion, respectively. In addition to CoreWeave, AI cloud infrastructure concept stock Nebius continued its previous upward trend after announcing a stock issuance, initially dropping over 5% in pre-market trading, but at the time of publication, the stock was up over 2% at $97.47. Previously, Microsoft signed a $17.4 billion cloud services agreement with the company