Key Facts on Oracle’s Growth Potential
Oracle (NYSE: ORCL) is projected to significantly outpace Meta Platforms (NASDAQ: META) in growth over the next three years, potentially overtaking Meta’s market capitalization of $1.6 trillion by 2028. As of now, Oracle’s market cap stands at $448 billion.
Oracle’s cloud computing business is a driving force behind its anticipated growth, bolstered by a remarkable backlog of $553 billion in contracts, reflecting a year-over-year increase of 325%.
While Oracle expects revenue growth to reach $67 billion in the current fiscal year—a jump from the projected 17%—Meta’s investments in AI infrastructure, including a commitment of over $600 billion in the U.S. over the next three years for data centers, may not be enough to sustain its growth at Oracle’s pace.
