The historical jump of Oracle’s shares, which was about 40 percent in one day, made the company one of the main focus of the financial market dialogue. Unprecedented since 1992, not only about $ 278 billion in Oracle’s market value, but Larry Ellison, CEO, made it the richest person in the world and passed away Ilan Musk. This transformation, above all, is the result of Oracle’s strategic focus on the growing market for artificial intelligence and cloud services.
Oracle’s success in this area is supported by stunning numbers. Safra Katz, one of the chief executives of the company, announced that Oracle has signed new contracts worth $ 455 billion with its customers, with a large part of which is back to artificial intelligence giants such as Meta, Openai and XAI. This volume of contracts makes Oracle one of the main columns of computational infrastructure for developing advanced artificial intelligence models, indicating that the company has been able to compete with Amazon and Microsoft.
Oracle’s future prospects look as shining. Corporate executives predict that cloud services will reach $ 144 billion by the 2030 fiscal year, which is a huge jump over the current income. This bold prediction, despite the seasonal financial report that was slightly weaker than expected, was able to gain investors’ confidence. They clearly believe that Oracle’s current heavy investments in the data and hardware centers will have great efficiency in the long run. Of course, this increase in capital costs may put pressure on the company’s profit margin in the short term, but the market has shown that it is willing to accept its risk for Oracle’s future role.
Source: Yahoo
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