
Oracle Shares Surge to Record High on $30 Billion Cloud Contract Announcement
Oracle (ORCL) stock climbed 4% to an all-time high after a regulatory filing revealed a massive $30 billion annual cloud agreement, set to begin generating revenue in fiscal year 2028. The deal marks a major milestone for the tech giant as it capitalizes on booming demand for AI and cloud infrastructure. CEO Safra Catz’s Statement:“We’ve signed multiple large…