Oracle Corp. (ORCL) Climbs to All-Time High as Firm Eyes $144-Billion AI Revenue Target in Next 4 Years

Core Insights - Oracle Corp. has reached an all-time high in stock performance, driven by a significant AI revenue target of $144 billion over the next four years [1][3]. Financial Performance - Oracle Cloud Infrastructure revenue is projected to grow by 77% to $18 billion in the current fiscal year, with expectations to reach $32 billion, $73 billion, $114 billion, and $144 billion in the following four years [2]. - The company reported a contract backlog of $455 billion in RPO (Remaining Performance Obligations) after signing four multi-billion-dollar contracts in the first quarter [3][4]. Market Demand - There is a strong demand for Oracle Cloud Infrastructure, with expectations to onboard several additional multi-billion-dollar customers in the coming months [4]. - MultiCloud database revenues from major partners like Amazon, Google, and Microsoft have surged by 1,528% in the first quarter, indicating robust growth potential [5].