Oracle shares hit record high on $30bn cloud contract

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Oracle shares have risen to a record rise, as the database giant announced a 30 billion dollar computing with a value of three times the annual revenues it achieves from its fastest growing sections.

The technology group, estimated at $ 620 billion, said in a regulatory file on Monday that it had signed a deal that would start revenue in 2028.

Oracle shares closed 4 percent higher at a record level of $ 218.63, but they rose to 8.6 percent earlier in the session. The shares of the company rose by about a third so far this year.

SAFRA Catz said that the company “started a strong start” in the fiscal year 2026 after signing “multiple large cloud service agreements”. The company had previously described a deal with the Chinese e -commerce platform.

Oracle did not reveal the customer’s name, although the founder Larry Ellson said in March that Oracle is expected to sign the first contract with Openai and Softbank $ 500 billion in Stargate Center data “somewhat soon.”

The deal, which is worth 30 billion dollars, is a milestone for Oracle, which represents nearly three times in the revenues achieved by the company that the company achieved from its business in the data center in its fiscal year 2025.

Austin, Texas, was slow to enter the cloud computing market, but it witnessed a sharp increase in the demand for the data center, an increase of 52 percent in its last quarter, as companies seek to manage artificial intelligence.

Oracle was one of the main beneficiaries of capacity restrictions on competitors including Microsoft, where large technology companies plow hundreds of billions of dollars in building databases to train and publish artificial intelligence models.

Oracle earlier this year became a partner in Stargate. I pledged $ 7 billion for the project, but it is expected that the largest part of the funding is expected to be from other investors.

The company is expected to spend approximately $ 40 billion on high -performance computer chips in NVIDIA to run the first series of OpenAi databases in Apielin, Texas, according to the Financial Times last month.

Katz told investors earlier this month that Stargit was “still in training” and that he booked some revenues from Openai, but most of its growth was driven by contracts with other companies.

Openai and Oracle did not respond immediately to the suspension requests.

Additional reports by Christina Credl in San Francisco