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Why Oracle Stock Zoomed Nearly 13% Higher This Week
The Motley Foolยท 2025-07-04 18:30
Core Viewpoint - Oracle's stock price increased by nearly 13% over the past week, driven by positive comments from CEO Safra Catz and a potential deal with OpenAI, indicating strong investor confidence in the company's future prospects [1]. Group 1: Business Performance - Oracle reported that its MultiCloud database revenue is growing at over 100%, with multiple large cloud services agreements signed, including one expected to generate more than $30 billion in annual revenue starting in fiscal year 2028 [4]. - The company is off to a strong start in fiscal year 2026, as indicated by the CEO's remarks [4]. Group 2: Strategic Partnerships - A report indicated that OpenAI plans to lease approximately 4.5 gigawatts of data center power from Oracle, which is part of the Stargate Project, a collaboration involving Oracle, OpenAI, SoftBank, and MGX [5]. - This partnership is expected to enhance Oracle's capabilities in the AI sector, potentially leading to significant revenue opportunities [6].