Oracle Reaches New Stock Peak Amid Cloud and AI Boom

Oracle Corporation (NYSE: ORCL) saw its shares climb 4% to a record high after disclosing a massive cloud computing transaction expected to generate over $30 billion in annual revenue. The deal, revealed in SEC filings, marks another milestone in the company's strategic pivot toward cloud services and artificial intelligence infrastructure.

The $30 Billion Cloud Catalyst

According to regulatory documents, CEO Safra Catz will formally announce the transaction at a company meeting next week. While specific client details remain confidential, the arrangement is projected to appear in Oracle's financials beginning in fiscal year 2028.

"Oracle began fiscal 2026 with strong momentum," Catz stated in prepared remarks. "Our multi-cloud database revenue continues growing at 100+% rates, and we've secured multiple major cloud agreements—including one anticipated to deliver $3+ billion annually starting in FY2028."

The CEO emphasized this landmark deal won't alter the company's FY2026 performance guidance, suggesting Oracle has baked these projections into existing forecasts.

AI Partnerships Fuel Growth Surge

Oracle's stock has risen 33% year-to-date, buoyed by:

• Explosive growth in cloud infrastructure demand
• Strategic AI collaborations including:
  • Stargate Project: A multi-billion dollar joint venture with OpenAI and SoftBank to develop advanced AI infrastructure
  • New Middle East expansion through UAE partnerships
  • Recently announced AI alliance with IBM

The company recently posted its strongest financial week since 2001, demonstrating how its cloud-first transformation resonates with investors.

Key Points

• 🔹 Oracle stock hits all-time high after 4% single-day gain
• 🔹 $30B cloud deal expected to begin contributing revenue in FY2028
• 🔹 Multi-cloud database revenue growing at >100% rate
• 🔹 Year-to-date stock performance up 33%
• 🔹 Major AI partnerships (OpenAI, IBM) complement cloud growth strategy