Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Oracle shares soared 36% on Wednesday, reaching a record $328.33, after the tech giant unveiled an ambitious cloud growth forecast that analysts at Bernstein called “rarely seen at this scale in the software industry.” The firm raised its price target to $363 from $308, reaffirming an Outperform rating and highlighting Oracle’s rapid shift into a leading hyperscaler and AI infrastructure provider.
The company projects Oracle Cloud Infrastructure (OCI) revenue to hit $18 billion in fiscal 2026, accelerating to $32 billion in FY27, $73 billion in FY28, $114 billion in FY29, and a staggering $144 billion by FY30. This trajectory could see Oracle rival or surpass Google Cloud by decade’s end. Analysts emphasized Oracle’s transformation from a potential player to a major provider in both hyperscale cloud services and AI training.
Strong demand underpins the forecast. Remaining performance obligations (RPOs) surged 359% year-on-year to $455 billion, fueled by multi-billion-dollar deals with major clients, including OpenAI. Management expects further large-scale contracts soon. In its latest quarter, OCI revenue climbed 55% to $3.3 billion, with consumption revenue up 57%. Overall cloud revenue jumped 28% to $7.2 billion, while SaaS applications, including Fusion ERP and NetSuite, grew 11%.
Oracle’s multi-cloud database business saw explosive growth of 1,529% year-on-year, supported by partnerships with Microsoft, Google, and Amazon. To meet rising demand, Oracle raised its FY26 capital spending forecast to $35 billion from $25 billion, after already investing $8.5 billion in Q1. Unlike rivals, Oracle rents datacenters instead of building them, aligning costs more closely with revenue growth.
While AI training carries lower margins, high-margin multi-cloud database services are expected to balance profitability. Analysts see Oracle’s unique architecture, strong bookings, and partnerships fueling substantial earnings and cash flow growth over the next decade.
