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Oracle has partnered with xAI to deploy Grok models through Oracle Cloud Infrastructure (OCI), aiming to boost its cloud services and license support revenues. OCI offers comprehensive solutions across compute, databases, and AI services, facilitating AI integration for businesses.
Oracle anticipates total cloud revenues will grow by 26-30% in the first quarter of 2026, and by over 40% for fiscal 2026. The company projects cloud infrastructure revenues will rise by more than 70%, up from 51% the previous year. The current consensus estimate for Oracle’s fiscal 2026 revenues stands at $66.63 billion, reflecting a 16.08% year-over-year increase.
Oracle’s stock has risen by 27.7% year-to-date, outperforming both the Zacks Computer and Technology sector and the Zacks Computer-Software industry. In contrast, shares of Alphabet and Amazon have decreased by 8.4% and 1.0%, respectively, in the same period.
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