Oracle's Cloud Surge: AI Fuels Revenue Rise

Oracle has achieved a milestone with its stock reaching over $200, buoyed by its optimistic annual revenue forecasts, which analysts attribute to the increasing demand for the company's AI-focused cloud services. This marks a significant advance in Oracle's market standing despite prevailing geopolitical instabilities.

The company's collaboration with OpenAI through the Stargate joint venture highlights its dedication to advancing large-scale computing capabilities, critical for AI infrastructure. With a revenue expectation of at least $67 billion by fiscal 2026, Oracle continues to draw investor confidence, as evidenced by increased price targets from several brokerages.

Oracle's financial performance remains competitive, with its quarterly cloud revenue up 14% to $11.70 billion. Analysts from Piper Sandler suggest Oracle's growth phase parallels its prominence during the Internet boom of the late 90s, further underscoring its evolving role in the tech sector.

(With inputs from agencies.)