Oracle (ORCL) jumps on AI guidance. The software giant is up 35%, its best day since 1992, following earnings. Earnings actually missed by a penny as sales rose 12% to $14.93 billion. But the real news was guidance.  Oracle signed four multi-billion-dollar contracts with three different customers in the quarter resulting in RPO contract backlog increasing 359% to $455 billion with more potential customers in the current quarter which could result in RPO exceeding half-a-trillion dollars. A number of upgrades for Oracle as AI demand is real.

Chewy (CHWY) going the wrong way. The pet food retailer is down 13% even as earnings bet expectations. Sales grew 9% year-over-year to $3.1 billion, above estimates of $3.08 billion per analysts surveyed by FactSet. Earnings increased to 33 cents from 20 cents in the same quarter last year. Guidance was hiked to a range of $12.5 billion to $12.6 billion, up from a previous range of $12.3 billion to $12.45 billion. However, investors unfortunately were more optimistic about their future. Chewy did receive an upgrade the other day with a $50 price target.

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