Trump Says Anthropic No Longer Seen as National Security Threat 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
Frank Stronach Found Guilty of Sexual Assault and Indecent Assault in Ontario Court 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
ByteDance Eyes Iluvatar, Baidu AI Chips Amid China’s AI Push 
Anthropic Restricts Global Access to AI Models After U.S. Security Review 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
BHP Shares Fall as Jansen Potash Project Costs Surge 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
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.
