Oracle Shares Climb on Meta Partnership Confirmation
Oracle Corporation shares reportedly jumped as much as 5% on Thursday as the company confirmed a major cloud-computing agreement with social media giant Meta and provided optimistic projections for its artificial intelligence business segments. According to reports from the company’s AI World conference in Las Vegas, Oracle executives indicated they expect substantial growth in core business categories.
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Ambitious AI Revenue Projections
Sources indicate Oracle anticipates reaching $20 billion in artificial intelligence-powered database and AI data platform revenue by fiscal 2030, representing significant growth from reported figures of $2.4 billion in fiscal 2025 and $3 billion in fiscal 2026. Analysts suggest these projections reflect the company’s expanding position in the competitive cloud infrastructure market.
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Clay Magouyrk, one of Oracle’s two new chief executive officers, told conference attendees that “as we’re able to find that supply, customers contract for it, we see immense demand, and then we go about delivering that to customers.” The report states Magouyrk emphasized that securing adequate infrastructure capacity remains crucial for meeting projected growth.
Substantial Cloud Infrastructure Commitments
According to the analysis presented at the conference, Oracle reportedly secured $65 billion in new cloud infrastructure commitments during just 30 days of the current quarter. Magouyrk clarified that these commitments came from “seven different contracts from four different customers,” with Meta confirmed as one of these significant clients. Bloomberg had previously reported in September that the two companies were discussing a potential $20 billion arrangement.
The executive specifically addressed speculation about customer concentration, stating “None of those customers are OpenAI. I know some people are questioning sometimes, ‘Hey, is it just OpenAI? The reality is, we think OpenAI is a great customer, but we have many customers.”
Expanding Cloud Infrastructure Competition
Industry observers suggest Oracle’s confirmed deal with Meta occurs amid intensified spending by technology companies on AI infrastructure. Reports indicate Meta plans capital expenditures between $66 billion and $72 billion this year alone. Oracle has been expanding its cloud infrastructure division to compete more directly with industry leaders like Amazon and Google while simultaneously offering its database services through multiple cloud platforms.
The company’s infrastructure expansion includes projects like the Stargate data center in Abilene, Texas, a collaboration between OpenAI, Oracle, and SoftBank. This development comes as AI technology continues transforming multiple industries, including finance where recent summits have revealed key trends in agentic systems.
Broader Economic Context
Oracle’s announced growth occurs against a backdrop of modest economic expansion in key markets and shifting global manufacturing patterns, with reports indicating other technology companies are adjusting their production strategies. The cloud infrastructure market continues to demonstrate robust growth as enterprises accelerate digital transformation initiatives and AI adoption.
Oracle’s previous commitment from OpenAI, reportedly exceeding $300 billion according to July announcements, combined with the newly confirmed Meta partnership, suggests the company is positioning itself as a major infrastructure provider in the rapidly expanding artificial intelligence ecosystem. Market analysts will be watching closely to see how these developments affect Oracle’s competitive position against established cloud providers.
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