On Tuesday, Oracle announced that, propelled by a significant uptick in demand for its cloud services from artificial intelligence firms, it anticipates a 77% year-on-year revenue growth for its Oracle Cloud Infrastructure (OCI) business this year, far exceeding earlier forecasts. Consequently, its stock price skyrocketed by up to 22% in after-hours trading. The company is currently channeling substantial investments into constructing data centers to bolster the expansion of its OCI business. Analysts have pointed out that although the OCI business currently operates on a relatively modest scale, its growth trajectory outpaces that of its competitors, potentially enabling it to gain a larger market share. Moreover, in the first quarter, Oracle secured four multi-billion-dollar contracts with three clients, which contributed to a 12% revenue increase, reaching $14.93 billion.