Oracle is pouring tens of billions into cloud infrastructure for AI workloads globally

The database giant plans to raise up to $50 billion in 2026 to fund a massive AI infrastructure buildout spanning five countries.

by Editorial Team

Tue 16 Jun 2026 · 09:09 EDT 3 min read

In Technology

Oracle Corporation (ORCL) price

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Last close: $131
Close-to-close change: +3.5%
Market cap: $394.7B (shares as of 2026-09-07)
P/E (trailing): 20.5 (EPS to 2026-08-31)
Annual revenue: $67.4B USD (FY ended 2026-05-31) 10-K
Annual revenue growth: +17.3% (FY ended 2026-05-31 vs FY ended 2025-05-31) 10-K
Annual net income: 17,087,000,000 USD (FY ended 2026-05-31, attributable to the company) 10-K
Annual operating margin: 30.6% (FY ended 2026-05-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Oracle Corporation and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Oracle Corporation ORCL · Price dated Oct 27, 2026 · tokenized ORCLx	$131	$394.7B	20.5	Unavailable	$67.4BFY ended 2026-05-31 · 10-K	+17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K	17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K	30.6%FY ended 2026-05-31
Palantir Technologies Inc. PLTR · Price dated Oct 27, 2026 · tokenized PLTRx	$199	$477.5B	169.9	Unavailable	$4.5BFY ended 2025-12-31 · 10-K	+56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K	31.6%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Oct 27, 2026 · tokenized CRWDx	$268	$274.4B	Not meaningfulLoss, diluted EPS −0.45 to 2026-07-31 · SEC filing	Unavailable	$4.8BFY ended 2026-01-31 · 10-K	+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K	−162,502,000FY ended 2026-01-31, attributable to the company · 10-K	−6.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Oct 27, 2026	$166	Unavailable	112.0	Unavailable	$11.6BFY ended 2025-12-31 · 10-K	+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K	12.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 3:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Oracle is betting that the future of its business runs through GPU-packed data centers. The company is aggressively expanding its Oracle Cloud Infrastructure (OCI) to meet surging global demand for AI compute, with multi-billion-dollar projects stretching across the US, Japan, Malaysia, Germany, and the Netherlands.

Oracle plans to raise between $45 billion and $50 billion in 2026 through a combination of debt and equity offerings, all earmarked for accelerating this AI-focused buildout.

The numbers tell the story

In Q4 of fiscal year 2026, OCI revenue surged 93% year over year to $5.8 billion. The broader cloud services revenue grew 47% to $9.91 billion during the same period.

Oracle has managed to land contracts with some of the biggest names driving the AI wave, including OpenAI, Meta, and NVIDIA.

Japan is getting over $8 billion in data center investment. Malaysia is slated for more than $6.5 billion. Germany and the Netherlands are sharing a $3 billion allocation.

In March 2026, Oracle unveiled its next-generation OCI Supercluster, built on NVIDIA’s Vera Rubin platform. Oracle and NVIDIA have been collaborating closely on bringing this technology to market.

In June 2026, Oracle launched its Enterprise AI services in UAE Central, based in Abu Dhabi. That rollout included expanded model support for Alibaba’s Qwen and Google’s Gemma, signaling that Oracle is building a model-agnostic platform rather than tying itself to a single AI ecosystem.

Why Oracle is making this bet now

Oracle has historically been known as an enterprise database company. But Larry Ellison’s company has spent the last several years repositioning itself, and the revenue trajectory suggests the strategy is working.

The partnership with NVIDIA is particularly significant. NVIDIA’s GPUs are the gold standard for AI training and inference, and having early access to next-generation silicon like the Vera Rubin platform gives Oracle a technical edge in attracting the most demanding AI workloads.

What this means for investors

Raising $45 billion to $50 billion in debt and equity will dilute existing shareholders and increase Oracle’s leverage. The infrastructure buildout game is essentially a bet that demand will continue accelerating for years, not months.

Contracts with OpenAI, Meta, and NVIDIA represent long-term commitments, not speculative capacity. Oracle has positioned itself as the credible alternative to the Big Three hyperscalers: AWS, Azure, and Google Cloud.

The key metric to watch in the coming quarters is whether Oracle can convert its capital expenditures into sustained revenue growth without margin compression. A 93% growth rate is spectacular, but maintaining anything close to that pace while absorbing $50 billion in new spending will be the real test of whether this bet pays off.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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