Closing Bell: Oracle Soars, Sable Offshore Skyrockets, Petco Surges

Mar 11, 2026

Oracle’s AI cloud sales surge and a bullish revenue outlook spark big stock moves. A report about possible U.S. action to restart offshore oil production sends Sable Offshore shares rocketing. Petco lifts guidance with a strong EBITDA beat, triggering a sharp after-hours jump. Fertilizer firms climb on Middle East risk while yields and other market movers shift ahead of the Fed.

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INSIGHT

Oracle Shows Strong AI Cloud Momentum

Oracle's cloud infrastructure sales signal sustained AI compute demand.
Infrastructure revenue rose 84% to $4.9 billion and Oracle guided to $90 billion revenue for the fiscal year, beating analyst expectations.

ANECDOTE

Sable Offshore Rally After Reported Trump Intervention

Sable Offshore stock spiked after a Bloomberg report about a Trump plan to invoke Cold War-era powers to restart California offshore oil.
Shares jumped as much as 34% and trading was halted before closing up about 15% on the day.

INSIGHT

Fertilizer Stocks Rally On Middle East Supply Risks

Fertilizer names like CF Industries climbed as Middle East tensions threaten global supply.
CF rose about 9% amid concerns over nitrogen and phosphate flows through the Strait of Hormuz affecting prices.

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On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Oracle (ORCL) shares soared as much as 15% on Wednesday after the software and cloud services company reported strong sales and issued an outlook that suggests little letup in demand for AI computing. Revenue in Oracle’s closely watched infrastructure business jumped 84% to $4.9 billion in the three months ended Feb. 28, the company said Tuesday in a statement, surpassing the 79% that analysts had expected and up from 68% in the previous quarter. Total revenue will reach $90 billion in the fiscal year beginning in June, Oracle said, also handily beating analysts’ projections. The shares traded as high as $171.76 Wednesday in New York, their biggest intraday gain in six months.

- Sable Offshore (SOC) saw its shares rip higher after Bloomberg reported that President Donald Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the southern California coast, a long-shot bid to help ease the global crude supply crunch spurred by his war with Iran. Trump is set to soon summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable Offshore Corp., a Houston-based company looking to restart significant production from a cluster of offshore platforms in California. The plan was described by a person familiar with the matter who asked not to be named because it’s not yet public. Trading in Sable’s shares was halted after prices jumped as much as 34% on the news. The company’s shares have seen sharp swings and multiple trading halts in the last year.

- Petco (WOOF) shares soar 16% in after hours trading, as the pet health and wellness company’s adjusted Ebitda forecast for the first quarter beat the average analyst estimate.

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