Oracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to position itself as a major rival to cloud leaders such as Amazon. com and Microsoft.

Oracle posted $17.2 billion in Q3 FY2026 revenue with AI infrastructure spending up 243% YoY. Cloud revenue hit $8.9 billion as backlog surged to $553

Oracle plans to raise $45-50 billion through debt and equity financing to expand its AI cloud infrastructure, backed by a $300 billion OpenAI deal.

Oracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans and rising debt concerns. The companys…

Q4 sales climbed 21%, but Wall Street more interested in $70B buildout bill