Oracle's AI cloud lifts stock 31% as future revenue shines
Oracle's stock shot up 31% on Wednesday after the company predicted massive growth from its AI cloud business.
With $500 billion in future cloud revenue expected—bolstered by huge deals with OpenAI, Meta, xAI, and NVIDIA—Oracle is suddenly a major player in the AI infrastructure game.
Cloud revenue forecasted to jump 77% this year
Oracle isn't just catching up—it's leaping ahead of Wall Street's predictions.
Cloud revenue is set to jump 77% this year to $18 billion, and could reach $144 billion over the next four years.
That's some serious long-term momentum.
Oracle's efficient infrastructure is drawing in big tech
Big tech needs serious computing power for AI, and Oracle's efficient infrastructure is drawing them in.
Its annual $30 billion contract with OpenAI—and new partnerships with Microsoft, Amazon, and Alphabet—helped revenue from these partnerships rise 1,529% in Q1.
Even chipmakers like AMD and NVIDIA are seeing benefits from Oracle's rise.