The conventional wisdom was that by buying Sun, Oracle was getting into the server business. In actuality, the Sun acquisition brought Oracle the systems expertise that would be the key, not only to its growing Exadata business, but to a future cloud business that the company had not even envisioned back in 2009.

If true, it would rank among the largest cloud contracts in history, which is basically the Super Bowl for server farms. Still, this isn't exactly a surprise. The two companies have been cozy since summer 2024, when OpenAI first started leaning on Oracle's infrastructure.

Oracle's blockbuster gains briefly propelled CEO Larry Ellison to the position of the world's richest person, surpassing Tesla CEO Elon Musk.

Oracle shares surged about 43% to a record high, putting the company on track to join the elite trillion-dollar club and propelling co-founder Larry Ellison closer to the top of the world's richest list.

Oracle’s stock shot up 27% today after the company reported a ridiculous 359% increase in cloud backlog, reaching $455 billion. That surge happened even

Oracle’s dominance in enterprise databases, booming cloud growth, and massive RPO backlog signal strong upside ahead of earnings. Find out why ORCL stock is a buy.

Oracle is soaring as investors cheer its aggressive data-center forecast as a positive sign for AI demand.

Oracle's shares rose on Thursday, adding to a record run in the previous session and lifting stocks across the tech sector, as the company inches closer to the trillion-dollar club on soaring gains from its AI cloud business.

The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs despite mounting concerns over a potential bubble.