Oct 29, 2026
Oracle stock jumped 10.7% on Wed, Oct 28 after a $225B revenue target for FY2030
Oracle stock jumped 10.7% on Wed, Oct 28 after its Investor Day: a $225 billion revenue target for fiscal 2030 and a $20 billion cap on new capital raises. Micron rose 5.9%, and the S&P 500 gained 0.3%.
Sir Toastimir
Footage: Oracle, CNBC, Micron, NYSE (YouTube)
Not financial advice. This is a news recap, not a recommendation to buy or sell any stock.
The market on Wednesday
Oracle stock jumped 10.7% to $144.54 on Wednesday, October 28, up from $130.53 the day before. The S&P 500 rose 0.28% to 7,743.98 and the Nasdaq rose 0.27% to 26,549.85. The Federal Reserve held its benchmark rate at 3.75% to 4% the same day.
Why Oracle rose
At its Investor Day in Las Vegas, Oracle said it expects more than $225 billion in revenue in fiscal 2030, which it described as more than 35% compound annual growth from fiscal 2026. It also targets a non-GAAP operating margin of 40% or more in fiscal 2030. Reuters tied the jump in the shares to the long-term outlook.
The borrowing plan
Oracle said it will cap additional capital raises at $20 billion through fiscal 2030, about $10 billion of equity and $10 billion of gross debt, not counting refinancing. It expects free cash flow to turn positive in the second half of fiscal 2028 and to exceed $30 billion in fiscal 2029. Reuters noted that Oracle relies heavily on OpenAI for its growth.
Other AI moves
Micron rose 5.9% to $983.23 as chip stocks gained after SK hynix reported record quarterly results, with operating profit up 632% and revenue above 100 trillion won.
Footage in the video
Clips are from two Oracle AI World recap videos, a CNBC Television keynote segment, a Micron chipmaking video, and the NYSE closing bell. Links are below.
Links
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