Oracle’s $244 billion single- day rally as big as entire IT trinity of TCS, Infosys, HCL Tech

Gigantic enough to make co-founder Larry Ellison snatch away Elon Musk’s title of world’s richest billionaire briefly, the $244 billion rally in Oracle shares on Wednesday equals the combined market capitalization of India’s top 3 tech firms – TCS, Infosys and HCL Tech.

Oracle shares ended the overnight session on Wall Street about 36% higher after projecting that its cloud infrastructure revenue will reach $144 billion by fiscal 2030, compared to $10.3 billion in fiscal 2025. The company’s shares ended with a net market cap gain of $244 billion as its total market value soared to $922 billion.