☁️ Oracle at historic highs!
Shares of Oracle $ORCL, which specializes in enterprise software, database systems and cloud services, jumped to all-time highs after the company announced it will begin generating more than $30 billion a year from a new cloud deal starting in fiscal year 2028.
According to documents filed with the SEC, the deal is expected to start generating revenue in 2028.
CEO Safra Catz has already confirmed a strong start to fiscal year 2026, with MultiCloud database revenue growing more than 100 %.
🌐 An important shift for Oracle:
The company is transforming from "a traditional database company" to a key cloud infrastructure provider, on par with AWS (Amazon) or Azure (Microsoft).
Partnerships with OpenAI and SoftBank (Project Stargate) and new AI alliances with IBM show that Oracle has a place in the technology world.
Since the beginning of the year, the company's shares have gained more than 30%!
What do you think of Oracle?
It's good business, but the valuation is already very high. I'd buy the stock, but it would have to be cheaper.
Great company and the growth is there, but I don't really like this company and won't invest in it.
That looks very positive and $30 billion is not a small amount at all, so the company will continue to grow.