$ORCL Surges 30% on Strong Future Backlog Despite Earnings Miss

Oracle ($ORCL) shares surged by 30% despite missing current earnings and revenue targets. This strong positive market reaction is attributed to substantial order backlogs, which are projected to generate significant income in the coming years (2027-2030). This indicates the market is primarily focused on Oracle's long-term growth prospects and future revenue streams rather than short-term performance. Another user reported a +$51k gain and projected a $1T market cap by EOY, further solidifying bullish sentiment. Investors could consider a long position in ORCL shares for long-term growth potential.