Oracle (ORCL) is set for growth with multi-billion-dollar deals in AI infrastructure with companies like OpenAI, Meta, NVIDIA, and AMD. RPO surged 359% year-over-year and is expected to exceed half a trillion dollars soon. Shares rose 3% after confirming a cloud deal with Meta and projecting $20 billion in AI revenues by 2030.

Oracle and Google Cloud expand partnership to bring advanced AI models to OCI. Oracle projects OCI revenues to grow 77% to $18 billion in fiscal 2026, aiming for $144 billion by 2030. Zacks forecasts 16.5% revenue growth in fiscal 2026 and 21.7% in fiscal 2027, fueled by deep AI partnerships and multi-cloud expansion.

Alphabet (GOOGL) leads in cloud and AI with a $108.2 billion revenue backlog driven by Google Cloud. Microsoft (MSFT) remains a strong rival with a $368 billion commercial RPO and major AI deals, like the $14 billion agreement with Nscale for Nvidia GPUs. Oracle’s stock is up 83.7% year-to-date, outperforming the sector and industry.

Oracle’s stock is trading at a premium with a forward P/E ratio of 42.91x. The Zacks Consensus Estimate for fiscal 2026 earnings is $6.77 per share, reflecting 12.27% growth over fiscal 2025. With a Zacks Rank #2 (Buy), Oracle is poised for continued growth and success in the AI and cloud infrastructure space.

Read more at Nasdaq: Can Oracle’s Expanding Contract Pipeline Drive Its Next Growth Phase?