Oracle (ORCL.N) shares posted their biggest gain since 1992, Internet reported after the company announced a positive outlook for its cloud business, consolidating the software maker's position in the competition to support artificial intelligence computing needs. The company's shares surged 41% in early trading on the New York stock market on Wednesday, giving it a market value of $947 billion. Artificial intelligence-related stocks such as chip developer Nvidia and Asian suppliers also rose. Oracle, known for its database software, has recently achieved success in the hot cloud computing market and is becoming a major provider of artificial intelligence computing capabilities, competing with cloud computing leaders Amazon, Microsoft and Google (GOOG.O). Earlier this summer, it signed an unprecedented agreement with ChatGPT operator OpenAI to provide it with 4.5 gigawatts of data center capacity.