Oracle Shares $ 30 Billion Cloud Agreement High

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Oracle shares have risen to record high, because the database giant has announced a valuable cloud calculation agreement to achieve approximately triple income from the annual income from the fastest growing division.

The technological group worth about $ 620 billion, said that in Monday, in 2028, he signed an agreement to begin income in 2028, he said.

Oracle shares are high at a record level at $ 218.63, but increased by 8.6 percent in the session. The company’s fund has risen to almost thirds this year.

CEO Safra Catz, said the company is “for a strong start” in the 2026 fiscal year, which signed the “Big Cloud Service Agreement” in the 2026 Fiscal Year. The company previously signed a contract with the Chinese E-Trade Platform Temu.

Oracle did not disclose the customer, fed Larry Ellison, Oracle’s Openai and SoftBank’s 500-billion dollar stargate information center said he said.

The $ 30 billion deal is an important stage for Oracle, which represents about $ 10.3 billion from the company, which consists of data center in 2025 in the financial year.

Austin, Texas-based company was slow in entering the cloud computing market, but there was a sharp increase in demand for information center infrastructure, 52 percent The most recent quarterThey are looking for the power of computing to operate artificial intelligence as companies.

Big technological companies, including Microsoft, including Microsoft, planting hundreds of billions of dollars to prepare and place artificial intelligence models, including Microsoft.

At the beginning of this year, Oracle was partner in Stargate. He has invested $ 7 billion for the company, but the financing collection is expected from other investors.

The company is expected to spend about $ 40 billion in computer chips for the forces of the first number of information centers in Abilene, Texas, Texas.

CATZ said that this month was “still in the formation of Stargate,” said the Stargate and said that this earlier this month, but most of its growth was managed with contracts with other companies.

Openai and Oracle did not respond to commentary requirements immediately.

Additional Report by Cristina Cristle in San Francisco