Oracle shares jumped 6.63% in pre-market trading on December 22, 2025. This surge followed an optimistic forecast for the company’s AI-driven cloud business. CEO Safra Catz announced a $455 billion backlog, fueled by four new multi-billion-dollar contracts.
The company projects a 77% increase in cloud revenue for the current fiscal year. Furthermore, Oracle targets $144 billion in cloud revenue by 2030.
This renewed momentum is underpinned by strategic partnerships, including a collaboration with OpenAI. Oracle positions itself to challenge established leaders in cloud computing through aggressive expansion within the competitive AI infrastructure landscape.