Oracle shares soar as AI cloud demand propels revenue forecast
Oracle
shares surged nearly 8% in premarket trading on Thursday after the company raised its annual
revenue forecast
, driven by strong demand for its AI-related cloud services.
The stock has risen nearly 6% so far this year as confidence in the software sector remained strong despite geopolitical tensions, even as analysts warn that U.S. President Donald Trump's tariffs could undermine Big Tech's AI investments.
Earlier this year,
Oracle
, whose cloud offerings help companies build their AI infrastructure, announced a joint venture called Stargate to deliver large-scale computing capabilities to OpenAI.
"Oracle's once-stodgy image levels up to 'cloud-native mage,' and the competitive map now looks less like a classic three-player real time strategy and more like a battle-royale with everyone dropping in, looking for compute loot", said Michael Ashley Schulman, partner at Running Point Capital Advisors.
Oracle expects total revenue to be at least $67 billion for fiscal 2026, CEO Safra Catz said on a post-earnings call.
The Texas-based company's cloud services quarterly revenue rose 14% to $11.70 billion. Its overall revenue of $15.90 billion beat estimates of $15.59 billion.At least nine brokerages have raised their price target post-earnings.
Oracle trades at a forward price-to-earnings ratio of 25.86, compared to rivals Microsoft at 31.34 and Amazon at 31.80, according to data compiled by LSEG.
Microsoft's stock has gained 12.16%, while Amazon's has decreased by 2.8% so far this year.
"ORCL has entered an entirely new wave of enterprise popularity that it has not seen since the Internet era in the late 90s," analysts at Piper Sandler added.
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Higher sensitivity levels allow for more nuanced strokes, making your artwork feel more natural and dynamic—especially important for illustrators and those working in detailed or expressive styles. 8192 8 8192 4 8192 8192 4 2048 3 8192 8 8192 6 4096 4 8192 6 16384 8 Best tablets with pen (2025): Which tablets stand out for artists and professionals? Best tablets under ₹40000 for work, play and productivity: Top 10 picks with the immersive display and sound quality Best tablets for kids in 2025: Top 8 picks with safety features for young minds from Lenovo, Honor and trusted brands Best tablets under ₹15000: Top 7 picks for budget performance from brands like Samsung, Lenovo and more A graphics tablet requires a separate screen to view your work, while a display tablet lets you draw directly on the screen. Some tablets require a computer, while standalone models like the iPad Pro or Wacom MobileStudio can run independently. 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