Oracle shares soared 33% thanks to the boom in the company’s cloud AI services

Oracle shares soared 33% thanks to the boom in the company’s cloud AI services

Oracle shares rose more than 33% after the company announced growing demand for its cloud AI services, according to Reuters.

This brought Oracle closer to the “trillionaire club” — its market capitalization could grow by $234 billion to reach about $904 billion.

Oracle’s revenue grew 28% to $16.5 billion in the first quarter of fiscal 2023, which ended on May 31.

Journalists write that since the beginning of 2025, the company’s stock price has risen by 45%, surpassing even the Magnificent Seven and the S&P 500 index. Investors are betting on a boom in AI clouds, where Oracle is becoming an increasingly influential player.

In August, Oracle signed four multi-billion dollar contracts with three clients, and CEO Safra Catz said that there would be several more such deals in the coming months, with orders potentially exceeding $500 billion.

However, Reuters notes that despite this breakthrough, Microsoft, Amazon Web Services, and Google Cloud remain the main players in the cloud market, with a combined share of 65%.

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