Workflow
Oracle stock soars after CEO says AI-fueled cloud revenue set to soar to $144 billion

Oracle (ORCL) stock jumped more than 30% in early trading Wednesday after the software giant said its AI-fueled cloud revenue is set to jump to 144billionbyits2030fiscalyear.Thatmarksamassiveleapfromthecompanysprojectionoflessthan144 billion by its 2030 fiscal year. That marks a massive leap from the company's projection of less than 20 billion for the business in its current fiscal year. "We expect Oracle Cloud Infrastructure revenue to grow 77% to 18billionthisfiscalyearandthenincreaseto18 billion this fiscal year — and then increase to 32 billion, 73billion,73 billion, 114 billion, and $144 billion over the subsequent four years ...