Oracle shares hit a record high this week after the company disclosed a string of major cloud services deals, underscoring its aggressive expansion into artificial intelligence and enterprise cloud infrastructure. The company announced a $10 billion cloud computing contract with Palantir Technologies for the U.S. government, as well as agreements with other federal agencies and commercial clients. The news reassured investors that Oracle is not only defending its position in the database space but becoming a serious contender in AI-powered cloud services.

This momentum adds to Oracle’s broader pivot toward AI infrastructure — a strategy that places it in more direct competition with Microsoft and Amazon Web Services. With AI workloads driving massive demand for secure, scalable computing environments, Oracle’s cloud revenue is expected to accelerate. The stock’s rally also reflects investor optimism that Oracle can finally unlock sustained growth through strategic partnerships and federal contracts.