Oracle’s recent partnerships with Amazon, Microsoft, and Alphabet could drive a major shift in cloud migration, with broader implications for the stock market. Oracle has pivoted to a "run anywhere" strategy, allowing its database technology to operate on multiple cloud platforms, which customers have been seeking for years. This new approach, enabling Oracle databases to run on Microsoft Azure, Google Cloud, and Amazon Web Services (AWS), could significantly impact both Oracle and its cloud partners, especially as the migration process gains momentum.

Oracle’s cloud deals have already propelled its stock to record highs, with a notable boost from its partnership with AWS, allowing customers to run Oracle databases on dedicated hardware in AWS data centers. Positive feedback on Oracle’s earlier Database@Azure deal also highlights the potential for unlocking new opportunities. UBS estimates that over 80% of Oracle’s database workloads are still on-premise, meaning the cloud migration could become a key driver for Oracle’s growth, helping it maintain its $20 billion annual database business.