Oracle shares surged over 30% in premarket trading after raising outlook for cloud infrastructure sales and adding large new customers due to AI demand. The company expects cloud sales to jump 77% to $18 billion this fiscal year, outperforming the S&P 500. The stock is set to reach a record high of $384.

Read more at Yahoo Finance: Watch These Oracle Price Levels as Stock Surges 30% on Boosted Sales Outlook