Oracle Lands $30 Billion Cloud Deal, Sends Shares Soaring

Oracle Corp. announced a massive cloud computing deal worth $30 billion in annual revenue, more than double the size of its current cloud infrastructure business. The deal, expected to begin generating revenue in fiscal year 2028, is one of the largest cloud contracts ever recorded and hasn't yet named the client. This significant win positions Oracle for substantial growth in the cloud market, driving a surge in its stock price. The deal highlights the booming demand for cloud services and AI, with Oracle strategically expanding its market share.