Oracle Corporation (ORCL) announced a significant expansion of its AI infrastructure in April and May 2026. On May 1, Oracle secured a multi-year agreement with the U.S. Department of War to deploy AI capabilities on classified networks, utilizing its 10 dedicated cloud regions. This came shortly after the launch of OCI Enterprise AI on May 8, which includes new AI models like Grok 4.3 and NVIDIA Nemotron 3 Nano Omni. Oracle’s fiscal third-quarter results revealed Remaining Performance Obligations (RPO) of $553 billion, a 325% year-over-year increase, with total revenues reaching $17.2 billion, up 22%.
In terms of capital expenditures, Oracle has reaffirmed its fiscal 2026 guidance at $50 billion amid a projected revenue of $67 billion. The company expects revenue for fiscal 2027 to reach $90 billion, bolstered by strong cloud revenue growth expectations ranging from 46% to 50% in Q4 2026. Comparably, both Microsoft (MSFT) and Alphabet (GOOGL) reported substantial growth in their cloud services, with Microsoft seeing a 40% increase in Azure services and Google Cloud revenues rising 63% year-over-year, underscoring robust competition in the AI sector.
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