Why Is Nvidia Stock (NVDA) Soaring Today?
Shares of Nvidia (NASDAQ: NVDA) are rising on Wednesday, up 4% as of 2:13 p.m. ET. The gain comes as the S 500 and the Nasdaq Composite gained 0.3% and 0.1%, respectively.
The artificial intelligence (AI) chip giant's stock surged after reported earnings, revealing a revenue backlog that shocked Wall Street.
Oracle reported earnings that included $455 billion in total remaining performance obligations (RPOs) -- essentially future revenue for which it is already contracted and now must deliver on. That figure is more than 4 times larger than it was during the same quarter last year. The cloud infrastructure provider plans to deploy $35 billion in capital expenditures (capex) during its fiscal 2026, with most of that going to AI computing infrastructure like Nvidia's chips.
Source Fool.com
Oracle Corp. Stock
With 96 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
Based on the current price of 112.64 € the target price of 260 € shows a potential of 130.82% for Oracle Corp. which would more than double the current price.
