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Oracle Skyrockets to $969B Value, Outpacing Eli Lilly and Walmart
10 Sep
Summary
- Oracle's stock price surges 41%, its biggest one-day gain since 1992
- Oracle's market value reaches $969 billion, surpassing Eli Lilly, JPMorgan, and Walmart
- Chip stocks like Nvidia, AMD, and Broadcom also see significant gains
As of September 10, 2025, the S&P 500 and Nasdaq have reached new intraday record highs, with the tech sector leading the charge. The driving force behind this surge is a remarkable 41% jump in the stock price of cloud computing firm Oracle, which is set to record its biggest one-day percentage gain since 1992.
Oracle's soaring stock has propelled the company's market value to an astounding $969 billion, leapfrogging the valuations of industry giants like Eli Lilly, JPMorgan Chase, and Walmart. This meteoric rise has put Oracle on the cusp of reaching Tesla's $1.14 trillion market value, a testament to the growing demand for the company's cloud services, particularly from the artificial intelligence sector.
Alongside Oracle's impressive performance, the broader semiconductor industry has also seen a significant boost, with stocks like Nvidia, Advanced Micro Devices, and Broadcom all posting gains of 3.8% or more. This surge in chip stocks has further strengthened the technology sector, with the S&P 500 technology index and the semiconductor index both reaching new record highs.
The positive momentum in the markets has been further buoyed by cooler-than-expected producer price data, which has reinforced expectations that the U.S. Federal Reserve will cut borrowing costs later this year. Investors are now eagerly awaiting the release of the consumer prices report on Thursday, which could provide additional insights into the direction of U.S. inflation.
