Oracle’s Cloud Has a Silver Lining—and It’s Worth Billions
Oracle’s bold cloud vision, mega AI deals, and surging backlog fuel record rally despite earnings stumble.

Oracle stunned Wall Street with a 30 percent surge in its share price, defying expectations after missing both earnings and revenue estimates. Investors weren’t focused on the miss, they were captivated by the company’s explosive cloud growth projections and a string of heavyweight partnerships that signal a very different future for the database giant. Revenue came in at $14.93 billion, shy of the $15.04 billion forecast, while adjusted earnings landed at $1.47 per share, just below consensus. Yet, the market reaction was unmistakably bullish, pushing Oracle toward a market capitalization north of $800 billion, its sharpest rally since the dot-com era.
A Cloud Future Worth Billions
The driver of this enthusiasm is Oracle’s aggressive vision for cloud infrastructure. The company now forecasts $144 billion in cloud infrastructure revenue by fiscal 2030, a staggering leap from $10.3 billion in 2025. This isn’t mere hype. Oracle’s remaining performance obligations—the measure of revenue yet to be recognized—hit $455 billion, soaring 359 percent year over year. That kind of backlog speaks to an unprecedented demand pipeline, one fueled by artificial intelligence, data-hungry enterprises, and governments increasingly betting on Oracle’s technology stack.
Partnerships that Redefine the Game
Oracle is no longer just a database player, it is becoming a power broker in the AI-driven cloud race. Deals with OpenAI and Google were the crown jewels of the latest quarter. OpenAI signed on for 4.5 gigawatts of U.S. data center capacity, a commitment that underlines how Oracle’s infrastructure is being pulled into the heart of the AI boom. Meanwhile, Google’s Gemini AI models are set to run on Oracle’s cloud infrastructure, bringing two rivals into a surprising alliance. These moves echo Larry Ellison’s comments that Oracle is now dealing directly with CEOs and even heads of state, a testament to how central AI has become in geopolitical and corporate strategy alike.
