Oracle stock jumps 4% as company says cloud revenue will skyrocket to $166B by 2030

Oracle (ORCL) said its Oracle Cloud Infrastructure business is now on track for $166 billion in revenue by the company’s fiscal 2030, up from just $10 billion in fiscal 2025. That works out to a compound annual growth rate (CAGR) of 75% over five years.

Oracle already saw 50% year-over-year revenue growth in 2025.

Shares of Oracle rose 4.22% on the news. Oracle’s stock price is up 89% year to date and 81% over the past 12 months.

The company revealed the outlook as part of its financial analyst meeting on Thursday. The meeting comes just two days after Oracle announced it is working with Nvidia (NVDA) on what the company calls its OCI Zettascale 10 computing cluster, which it said will allow hyperscalers to interconnect millions of GPUs for AI inferencing and workloads.

Oracle has been on a dealmaking spree. In May, the Financial Times reported that the company would spend upwards of $40 billion on Nvidia chips. Some of those chips will end up as part of Oracle’s $300 billion deal with OpenAI (OPAI.PVT) to develop the ChatGPT developer’s Stargate Project.

On Tuesday, Oracle announced a deal with Nvidia rival Advanced Micro Devices (AMD) for 50,000 GPUs beginning in the second half of 2026.

The revenue news also comes after The Information reported earlier this month that Oracle was seeing “razor-thin” margins in its cloud business.