Oracle (ORCL) has seen a significant upward move of over 9%, reaching a price of $151.20 after previously trading in the $130s. The bullish sentiment is supported by ORCL having five times more RPO commitments than Coreweave (CRWV) and the suggestion that risk is priced in following a 200% increase in credit default swaps. The author characterizes Oracle as the "ultimate neocloud" as the sector gains momentum.