How Oracle’s $30B US Cloud Deal Drove a 10.9% Surge — Market Wrap May 31

7horns.ai Daily Briefing EN · May 31, 2026 · 5m

Today's AI insights from 7horns.ai reveal a strong tech rally led by Oracle, which surged 10.85% to $225.81 on May 31. Oracle’s remarkable rise reflects a fundamental re-rating as it secures a $30 billion U.S. Government cloud deal and reports a massive $552.6 billion remaining performance obligation, highlighting multi-year revenue visibility. Oracle Cloud Infrastructure revenue jumped 84% year over year, with AI infrastructure revenue soaring 243%. Meanwhile, Microsoft also showed momentum, closing at $450.24 with a 5.45% gain on high volume, supported by an 18% year-over-year revenue…