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💹 Oracle AI deals surge to a $455B backlog as stock jumps 43%

NewBits Digest banner image for article on Oracle AI Deals, highlighting $455B backlog, $300B OpenAI agreement, and stock surge.

📢 The Big Reveal


Oracle shares exploded 43% on Wednesday — their best single day since 1992 — after unveiling $455 billion in remaining performance obligations (RPO), fueled by four mega Oracle AI deals. The crown jewel: a $300 billion agreement with OpenAI, instantly cementing Oracle’s status as a heavyweight in the AI compute race.


💻 The Details


  • Four Mega-Contracts: Oracle secured four multibillion-dollar Oracle AI deals last quarter.


  • OpenAI Partnership: A landmark $300B agreement makes Oracle a primary compute supplier for one of the most powerful AI developers on the planet.


  • Backlog Strength: Oracle’s RPO has hit $455B — unprecedented in enterprise tech.


  • Growth Path: Analysts forecast Oracle’s cloud infrastructure revenue rising from about $18B in 2025 to $144B by 2030, powered by locked-in demand for AI compute.


💰 Ellison Overtakes Musk


Oracle founder Larry Ellison’s net worth soared by more than $100B in a single day, vaulting him above $385B. That leap briefly made him the world’s richest person, surpassing Elon Musk.


⚖️ Why It’s Important


  • Oracle is positioning itself as a core AI infrastructure provider, echoing Nvidia’s dominance in AI chips.


  • Compute capacity — the “picks and shovels” of the AI boom — is the new gold rush.


  • With hyperscalers racing for capacity and massive projects like Stargate on the horizon, Oracle has secured a commanding seat at the AI table.


📈 Oracle AI deals reshape tech and wealth


The AI boom just crowned a new richest man and elevated Oracle into the top tier of infrastructure giants. With $455B in committed contracts and a $300B OpenAI agreement, the fight for AI compute is redrawing the map of tech, markets, and global fortunes at lightning speed.



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